Which of the following is CORRECT? Factors of production are
A) land, labor, the price system, and capital.
B) the inputs used to produce goods and services.
C) the fundamental source of abundance.
D) only land and labor.

Question

Quizplus · Accepted Answer

Factors of production refer to the inputs used to produce goods and services, which typically include land, labor, capital, and sometimes entrepreneurship.

Which of the Following Is CORRECT? Factors of Production Are