The two most important factors of production are:
A) goods and services.
B) labor and energy.
C) capital and labor.
D) saving and investment.

Question

Quizplus · Accepted Answer

The two most important factors of production are capital and labor. Capital represents the tools, equipment, and infrastructure necessary for production, while labor represents the human effort involved in producing goods and services. Together, they are essential for economic growth and development. Saving and investment are also important for economic growth, but they are not factors of production themselves. Goods and services are the output of production, not factors of production, and energy is a resource that can be used, but it is not a factor of production in and of itself.

The Two Most Important Factors of Production Are