According to economists, natural resources, labor, capital, and entrepreneurship are called
A) free resources.
B) competitive resources.
C) factory resources.
D) factors of manufacturing.
E) factors of production.

Question

Quizplus · Accepted Answer

Natural resources, labor, capital, and entrepreneurship are referred to as factors of production, which are the resources used by firms to produce goods and services. This term is commonly used in economics to explain the inputs needed to produce goods and services in an economy.

According to Economists, Natural Resources, Labor, Capital, and Entrepreneurship Are