In economics, items that are used to produce goods and services are known as
A)wants.
B)aggregates.
C)factors of need.
D)resources.

Question

Quizplus · Accepted Answer

Items that are used to produce goods and services are known as resources. These resources are limited and include natural resources, human resources, and capital resources. This is a fundamental concept in economics known as the scarcity principle, which states that there are limited resources but unlimited wants and needs.

In Economics, Items That Are Used to Produce Goods and Services