The factors of production are the:
A)ingredients that go into making any good or service.
B)outputs that society as a whole has chosen to produce.
C)costs and benefits of a given production process.
D)inputs required for a given durable good.

Question

Quizplus · Accepted Answer

The factors of production refer to the resources needed for the creation of goods and services, which include land, labor, capital, and entrepreneurship. These are the essential ingredients in any production process.

The Factors of Production Are The