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Factors of production include A. ​land, human​ capital, financial​ capital, and technology. B. ​land, labor, physical​ capital, human capital and entrepreneurship. C. ​materials, energy and organization. D. ​hydrogen, oxygen and carbon

2 Answers

5 votes

Answer:

C. capital

Step-by-step explanation:

Capital means all the resources used in the production of a good. Capital includes machinery, tools and building which are used by humans to produce goods and services. Some examples of capital are computers, delivery vehicles, hammers etc. Other factors of production are labor, land and entrepreneurship.

User Lex Lavnikov
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4 votes

Answer:

B. ​land, labor, physical​ capital, human capital and entrepreneurship

Step-by-step explanation:

The factors of production are resources that are the building blocks of the economy; they are what people use to produce goods and services. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.

User Looshi
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