Resources are also known as
A) minerals.
B) factories.
C) factors of production.
D) stocks, bonds, and other financial instruments.

Question

Quizplus · Accepted Answer

Resources refer to all factors of production, including land, labor, capital, and entrepreneurship. Resources are the inputs to production, which are used to produce goods and services desired by consumers. While minerals are a type of natural resource, factories are a type of capital, and stocks, bonds, and other financial instruments are financial assets, all of which may be used as factors of production. However, the most comprehensive term for all factors of production is resources.

Resources Are Also Known as