JAMB - Commerce (2025 - No. 60)
Labour and entrepreneur are examples of
primary production
direct services
factors of production
division of labour
Explication
Labour and entrepreneur are examples of factors of production. Factors of production are the inputs used in the production of
goods or services in the attempt to make an economic profit. They include land, labour, capital, and entrepreneurship.
goods or services in the attempt to make an economic profit. They include land, labour, capital, and entrepreneurship.