To operate effectively,certain inputs called _____ systems are required for all economic systems.
A)outsourcing
B)diversity
C)entrepreneur
D)competitive differentiation
E)strategic alliance
F)capital
G)vision
H)factors of production
I)brand
J)relationship management
K)not-for-profit organizations
L)business ethics

Question

Quizplus · Accepted Answer

The factors of production, which include land, labor, capital, and entrepreneurship, are necessary inputs for all economic systems. Without them, goods and services cannot be produced and the economy cannot function. While other inputs such as competitive differentiation and strategic alliances may be important for specific businesses or industries, they are not essential for all economic systems.

To Operate Effectively,certain Inputs Called _____ Systems Are Required for All