What are factors of production?

History

2 answers:

Alexandra [31]3 years ago

8 0

I think the answer is B

I Hope this helps

vfiekz [6]3 years ago

7 0

Answer:

B. all the resources used to produce any goods and services is the correct answer.

Explanation:

Factors of production refer to all the resources used to produce goods and services to make a profit.

The used amounts of the different inputs define the volume of the product according to the association called the product function.

The factors of production involve

area(land), workers, entrepreneurship(which carries all the earlier resources mutually for production) and wealth (capital) that are utilized together to produce a successful effort at trading goods or services.

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