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What Are the Factors of Production? Entrepreneurship Consumption, Services Businesses, Resources Governments Investments Land, Labor,

Question

What are the factors of production? Entrepreneurship consumption, services Businesses, Resources Governments Investments Land, Labor, Capital Entrepreneurship Household, Firms Government, Investments

Solution

Verificación de expertos
4.6 (283 Votos)
Henrique Mestre · Tutor por 5 anos

Resposta

The correct factors of production are:Land, Labor, Capital, EntrepreneurshipThese are the resources used to produce goods and services. Land refers to natural resources, labor is the human effort, capital includes machinery and tools, and entrepreneurship involves the organization and risk-taking needed to bring the other factors together to produce goods and services.