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the resources that are used to produce goods and services - __ are factors of .production land, labor, capital,and entrepreneurship

Soru

The resources that are used to produce goods and services - __ are factors of .production land, labor, capital,and entrepreneurship land, labor, stocks and bonds labor and capital physical and financial capital

Çözüm

4 (233 Oylar)
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Uzman doğrulaması
Profesyonel · 6 yıl öğretmeni

Cevap

The correct answer is 'land, labor, capital, and entrepreneurship'.

Daha Fazla

## Step 1The question is asking about the resources that are used to produce goods and services. This is a fundamental concept in economics, specifically in the study of production.## Step 2The resources used to produce goods and services are known as factors of production. These are the inputs that are used in the production of goods and services.## Step 3The factors of production are typically classified into four categories: land, labor, capital, and entrepreneurship. ### **Land**This refers to all natural resources used in the production process, such as water, air, soil, minerals, and so on.### **Labor**This refers to the human effort used in the production process. This includes both physical and mental effort.### **Capital**This refers to all man-made resources used in the production process. This includes machinery, buildings, and infrastructure.### **Entrepreneurship**This refers to the ability to bring the other three factors together to produce goods and services. This includes the ability to take risks, make decisions, and innovate.## Step 4The other options provided in the question, such as stocks and bonds, physical and financial capital, and labor and capital, are not comprehensive enough to cover all the factors of production.