Question

are four fundamental resources—natural resources, capital, human resources, and entrepreneurship—that both businesses and nonprofits rely on. a. Basics of living b. Terms of union c. Aspects of competition d. Factors of production

Answer 1

Answer:

D) Factors of production

Explanation:

The four factors of production are:

1. land: any natural resource used to produce or manufacture goods and service
2. labor: human work
3. capital: machinery, tools, buildings, equipment that labor uses to produce or manufacture goods and services
4. entrepreneurship: people that have the ability to combine the other three factors of productions and start to produce or manufacture goods and services