The work performed to produce goods and services is referred to as
A) land.
B) financial resources.
C) material resources.
D) capital goods.
E) labor.

Question

Quizplus · Accepted Answer

The work performed to produce goods and services is known as labor. It involves the human efforts, skills, and abilities used in the production process. Other options such as land, financial resources, material resources, and capital goods can contribute to production, but they cannot produce goods and services on their own without the human effort.

The Work Performed to Produce Goods and Services Is Referred