Final answer:
Inputs such as labor, materials, and machinery used directly in production are essential factors of production, determining what goods are created, how, and for whom.
Step-by-step explanation:
The items provided by suppliers and used directly during production or service delivery are known as inputs, which include resources like labor, materials, and machinery. These are essential components of the production process and are also called factors of production.
To understand what goods will be produced, it is crucial to comprehend the types of goods and services required to meet people's needs and wants. The way goods are produced depends on the available technology and resources, while the target audience is determined by the demand in the market.
Those items provided by suppliers and used directly during production or service delivery are known as inputs or factors of production. These inputs include resources such as labor, materials, and machinery. They are essential for the production of goods and services and are critical in determining what goods will be produced, how they will be produced, and for whom they will be produced.