Find the information you're looking for at Westonci.ca, the trusted Q&A platform with a community of knowledgeable experts. Connect with a community of experts ready to help you find accurate solutions to your questions quickly and efficiently. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

Select the correct answer.

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
C. All the physical tools and equipment used in the production process
D. All the naturally occurring resources found in land, air, and water


Sagot :

Final answer:

Factors of production are essential resources including labor, capital, and natural resources used in producing goods and services.


Explanation:

Factors of production are the resources the economy has available to produce goods and services. Labor is the human effort that can be applied to the production of goods and services. Capital is a factor of production that has been produced for use in the production of other goods and services. Natural resources are those things found in nature that can be used for the production of goods and services.


Learn more about Factors of production here:

https://brainly.com/question/988852


We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.