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Q.

Land, Labour, Capital, and Entrepreneur are types of {fill _regular}.


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Detailed Solution

Land, Labour, Capital, and Entrepreneur are types of Factors of Production.
Factors of Production refer to the essential inputs required to produce goods and services. For example, the Production of cloth, cotton machines, labour, and technology is needed. For any production, the first requirement is Land which is the most important factor of Production. The second requirement is labour, who will work on the Land and produce goods. And the third requirement is capital. The fourth requirement is entrepreneur, also called human capital which comprises knowledge and skills acquired by an individual during their lifetime.
 
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