Learning: The Global Business Environment QUESTION 0 Human resources are examples of __ ANSWER economic system standard of living factors of production domestic business environment IDONT KNOWYET

## Step 1<br />The question is asking us to identify the correct term that describes human resources in the context of business and economics. The options provided are: economic system, standard of living, factors of production, and domestic business environment.<br /><br />## Step 2<br />Let's analyze each option:<br />- An economic system refers to the structure of production, distribution, and consumption of goods and services in a society or a given area. It doesn't directly describe human resources.<br />- Standard of living refers to the level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class in a certain geographic area. This also doesn't directly describe human resources.<br />- Factors of production are the resources used in the production of goods and services. These are typically divided into four categories: land, labor, capital, and entrepreneurship. Human resources fall under the category of labor.<br />- A domestic business environment refers to the internal factors that influence a company's operations within its home country. This doesn't directly describe human resources.<br /><br />## Step 3<br />Based on the analysis, the term that best describes human resources is 'factors of production'.