The mental and physical capacity of workers to produce goods and services is known as:
A) labor.
B) entrepreneurship.
C) value judgment.
D) product sensitivity.

Name: The mental and physical capacity of workers to produce goods and services is known as: A) labor. B) entrepreneurship. C) value judgment. D) product sensitivity.
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Question

Quizplus · Accepted Answer

Labor refers to the mental and physical effort required to produce goods and services. It encompasses the skills, knowledge, abilities, and physical capacity of workers.

The Mental and Physical Capacity of Workers to Produce Goods