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Factors of production are the essential inputs required to produce goods and services in an economy. In the context of smart regions—particularly smart cities and smart villages—these factors are redefined by technology and innovation. The four primary factors are land, labor, capital, and entrepreneurship. Land includes natural resources, which in smart regions involve sustainable management of water, energy, and waste. Labor ____ _________ ______ _________ _________ ____ _______ _____.
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