Whether a company creates products or services, it requires things like labor,
time,
tools, land, and raw materials to operate, which are otherwise known as
Oeconomic goods
O economic services
O economic resources
O economic scarcity
The correct answer to the question is:
O economic resources
Explanation:
1. Economic resources are the inputs used in the production of goods or services.
2. These resources include labor, time, tools, land, and raw materials that a company needs to operate efficiently.
3. These resources are essential for a company to create products or deliver services to consumers.
4. Without these economic resources, a company would not be able to function effectively in the market.
5. Understanding and managing these resources are crucial for businesses to achieve their goals and meet consumer demands.
