9/49 Whic hot the fol lowing are fac tors of production? resources rest ricted to the land, s ch as natural resources that are unimproved by human economic octivity just labor and capital in industrialized countries. where natural resources are no longer used to produce goods and services the outputs generated by the production process transforming land, labor, and capita into goods and services land (natural resources) labor (human capital, entrepreneurship), and capital (constructed inputs such as factories).

## Step 1<br />The factors of production are the inputs used in the production of goods or services in order to make an economic profit. The factors of production include land, labor, capital, and entrepreneurship.<br /><br />## Step 2<br />The first option, "resources restricted to the land, such as natural resources that are unimproved by human economic activity", refers to the factor of production known as 'land'. This includes all natural resources, which are not improved by human economic activity.<br /><br />## Step 3<br />The second option, "just labor and capital in industrialized countries, where natural resources are no longer used to produce goods and services", refers to the factors of production 'labor' and 'capital'. In industrialized countries, natural resources are no longer used to produce goods and services, and the focus is on labor and capital.<br /><br />## Step 4<br />The third option, "the outputs generated by the production process transforming land, labor, and capital into goods and services", refers to the end result of the production process, which is the goods and services produced.<br /><br />## Step 5<br />The fourth option, "land (natural resources), labor (human capital, entrepreneurship), and capital (constructed inputs such as factories)", lists all the factors of production. This includes land (natural resources), labor (human capital, entrepreneurship), and capital (constructed inputs such as factories).