Question

What are factors of production?

A. all the human efforts involved in the production process
B. all the resources used to produce any goods and services
OC. all the physical tools and equipment used in the production process
D. all the naturally occurring resources found in land, air, and water

Answer 1

I think the answer is B

I Hope this helps

Answer 2

B. all the resources used to produce any goods and services is the correct answer.

Step-by-step explanation:

Factors of production refer to all the resources used to produce goods and services to make a profit.

The used amounts of the different inputs define the volume of the product according to the association called the product function.

The factors of production involve

area(land), workers, entrepreneurship(which carries all the earlier resources mutually for production) and wealth (capital) that are utilized together to produce a successful effort at trading goods or services.