The resources that contribute to the creation of wealth are known as:
A)factors of production.
B)production technologies.
C)production aggregates.
D)production coefficients.

Question

Quizplus · Accepted Answer

Factors of production refer to the resources used in the production process, such as labor, capital, land, and entrepreneurship. They are essential for the creation of wealth in an economy. Production technologies, production aggregates, and production coefficients may be related to the production process, but they do not capture the full range of factors that contribute to wealth creation.

The Resources That Contribute to the Creation of Wealth Are