Resources are the stocks of non-human factors that are available for use in producing goods and services.

Name: Resources are the stocks of non-human factors that are available for use in producing goods and services.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Resources refer to the non-human factors of production like land, labor, capital, and entrepreneurship that are used in the process of production. They are considered as stocks that can be utilized to produce goods and services. Hence, the statement is true.

Resources Are the Stocks of Non-Human Factors That Are Available