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In Business / College | 2025-07-03

Resources needed to provide goods or services are called
A. factors of production.
B. facets of production.
C. functions of production.
D. facts of production.

Asked by nicavina

Answer (2)

The resources needed to provide goods or services are called factors of production , which consist of land, labor, capital, and entrepreneurship. These components are essential for creating products in the economy. Understanding these terms is fundamental in economics. ;

Answered by GinnyAnswer | 2025-07-03

The resources needed to provide goods or services are called factors of production . These factors include land, labor, capital, and entrepreneurship, all of which are essential for economic production. Thus, the correct option is A: factors of production.
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Answered by Anonymous | 2025-07-04

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