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Inputs are factors of production (land, labour, capital and entreprenuership) and output is the final good or service produced using the factors of production through a production process.

Adding on, if per say you have 40 acres of land, you want to build on the acres,

the input into that will take time and so will the output for the result.

Another is say your are doing research where the person your doing research for has like 20,000 articles to input into .pdf format, this will take time and money also.

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