Society's resources are often divided into broad categories.They are
A)factors of consumption.
B)goods and services.
C)tangible commodities and intangible commodities.
D)population and natural resources.
E)land,labour,and capital.

Question

Quizplus · Accepted Answer

The division of society's resources into land, labor, and capital is a commonly accepted categorization in economics. Factors of consumption, goods and services, tangible and intangible commodities, and population and natural resources are not as comprehensive or precise categories as land, labor, and capital.

Society's Resources Are Often Divided into Broad Categories