Land,labor,capital and entrepreneurship are called:

Question

Quizplus · Accepted Answer

Land, labor, capital, and entrepreneurship are the four factors of production, which are resources used in the production of goods and services. These factors are essential for economic growth and development. Option B is incorrect because factors of demand refer to the factors that influence the demand for goods and services. Option C and D are incorrect because fixed costs and variable costs are types of costs, not factors of production.

Land,labor,capital and Entrepreneurship Are Called