Question

Select the correct answer.

What are factors of production?
OA.
О в.
O c.
OD.
all the human efforts involved in the production process
all the resources used to produce any goods and services
all the physical tools and equipment used in the production process
all the naturally occurring resources found in land, air, and water
Reset
N

Answer 1

Answer: B. all the resources used to produce any goods and services

Step-by-step explanation:

The factors of production are all the resources used to produce any goods and services. This means our answer is option B.

This includes, but is not limited to, land, labor, capital, and entrepreneurship.