What were the original factors of production in global development?
A) water and ports
B) government and economy
C) banks and services
D) housing and welfare
E) population and resources

Question

Quizplus · Accepted Answer

The original factors of production in global development were population and resources. The availability of natural resources and a sufficient population to work with and create demand for goods and services were essential for economic growth and development. Water and ports, government and economy, banks and services, housing and welfare are all important factors in their own right, but they are not the original factors of production.

What Were the Original Factors of Production in Global Development