Answer
The correct answer is option B.
Goods and services.
Explanation
Neoclassical view of the economics suggests four factors of the productions which serve as inputs to carry out production Goods and services on the other hand are the end products that are derived from the process of production.
Further Explanation
The four factors of production are:
Land – The land as a factor of production refers to the commercial significance of land to support an economic activity. The land as a resource can be used by the farmers to conduct agricultural practices or it can be consumed to derive natural resources like oil and gold.
Labor – Labor refers to the effort made in order to carry on the production activity. The skilled manpower is necessary to fruitfully ensure the process of production in producing the goods and services.
Capital – Capital as a factor of production refers to the assets such as knowledge, tools, machinery etc. which factors the process of production to produce further goods and services.
Entrepreneurship – This factor of the production combines with all other factors of the production to ensure the production of goods and services.
Learn More
Learn more about the market value of the goods and services : brainly.com/question/6278309 ; Answered by Likableadvisers
Learn more about the : brainly.com/question/7421468 ; Answered by Kendra241
Keywords
Factors of production, the four factors of production, goods and service as factor of production.
