Don't use chat gpt otherwise I downvote the answer  As reflected in the modeling decisions made by Lucas in his human capital model, which features of Romer's Learning-by-Doing model did Lucas find unsatisfying? Select all that apply   A) it achieved sustained growth via gains in labor productivity   B) Gains in labor productivity were modeled as solely from free learning-by-doing when accumulating more capital   C) It failed to produce catch-up growth   D) It failed to accommodate rational expectations

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Factors of Production

Factors of production – in simple words means the factors that are used for producing any product or service. This includes the resources which are necessary for the manufacturing of products. Factors of production are also known as the building blocks of the economy.