The factors of production include
A)wages.
B)capital.
C)investment.
D)transfers.

Question

Quizplus · Accepted Answer

The factors of production refer to the resources used in the production of goods and services, which include land, labor, capital, and entrepreneurship. Wages are a form of compensation for labor, investment refers to the act of putting money into a business or project, and transfers refer to the movement of goods, services, or money without a corresponding exchange of value. Capital, in contrast, refers to the physical, financial, and human resources used in the production process, and is a key factor in the success of a business.

The Factors of Production Include