Which of the following is an alternative for the term,"factors of production"?
A)Methods of organizing an economy.
B)Ways of coordinating an economy.
C)Productive resources or inputs.
D)Goods and services.

Question

Quizplus · Accepted Answer

"Productive resources or inputs" is a commonly used alternative term for "factors of production." This includes resources such as labor, capital, land, and entrepreneurship. Choices A, B, and D all relate to different aspects of the economy, but do not directly pertain to the resources that are used in production.

Which of the Following Is an Alternative for the Term,"factors