Question

Societies make choices about goods and services based on the availability of A. land B. workers C. resources D. new technology Please select the best answer from the choices provided ОА OB O c OD​

Answer 1

Answer:

c

Explanation:

Resources are means or factors used to produce goods and services that satisfy human wants.

Human wants and that of the society is unlimited but the resources available to satisfy these wants are limited. As a result, economic agents must make decisions based on the availability of resources.

Resources include :

Land are natural resources used to produce goods and services e.g. gold mine

Labor is the effort used by people in  the production of goods and services.

Capital includes machinery and man made resources used in production e.g. hammer

An entrepreneur is a person who combines the other factors of production together