Economic resources used in the production process are called:
A) free gifts of the natural environment.
B) factors of production.
C) consumer items.
D) money capital.

Question

Quizplus · Accepted Answer

The factors of production are the economic resources used in the production process, including natural resources, labor, capital, and entrepreneurship. Free gifts of the natural environment are not always used in the production process, consumer items are the final goods produced, and money capital is a form of financial capital used to finance production but is not a factor of production itself.

Economic Resources Used in the Production Process Are Called