Answered

MC Qu. 01-06 The resources used to create...
The resources used to create wealth are collectively referred to as
Multiple Choice
О
the business environment.
О
productivity.
О
the factors of production.
о
profit potential.



Answer :

GinnyAnswer

Final answer:

Factors of production are the key resources required for the production of goods and services in an economy, encompassing land, labor, capital, and entrepreneurship.


Explanation:

Factors of production are the essential resources needed to produce goods and services in an economy. These factors include land, labor, capital, and entrepreneurship. They play a crucial role in the production process, and their efficient utilization is vital for economic growth.


Learn more about factors of production here:

https://brainly.com/question/988852


Other Questions