Need, For survival, Want, Iphone, holidays are examples of this., Good, Pear, pens and pans are examples of this, Service, Haircut, banking and education are examples of this, Durable, You can use it more than once, Entrepreneur, Richard Branson and Bill Gates are examples of this, Land, Factor of production - natural resources, Labour, Factor of production - the people, Capital, Factor of production - money and machines, Enterprise, Factor of production - the person that brings it all together
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