Melinda is a store owner who buys items online to sell in her shop.Which of the following factors of production is BEST illustrated in Melinda's use of the Internet?
A) capital
B) labor
C) technology
D) entrepreneurs
E) natural resources

Question

Quizplus · Accepted Answer

Melinda's use of the Internet is an example of technology, which is a factor of production that refers to the knowledge, skills, and equipment used in the production of goods and services. The Internet is a form of technology that enables Melinda to search for and purchase items to sell in her store.

Melinda Is a Store Owner Who Buys Items Online to Sell