All factors of production are found in equal amounts in all businesses.

Question

Quizplus · Accepted Answer

Different businesses require different combinations and amounts of factors of production, depending on the nature of their operations, industries, and markets. Some businesses may require more labor-intensive techniques, while others may rely more on technology or natural resources. Therefore, the distribution of factors of production is not equal across all businesses.

All Factors of Production Are Found in Equal Amounts in All