The inputs used to produce goods and services are called
A)profit factors.
B)marginal products.
C)labor demands.
D)factors of production.

Question

Quizplus · Accepted Answer

The factors used to produce goods and services are commonly referred to as factors of production. These include both labor (a type of human resource) and other inputs, such as natural resources, capital (i.e. machines, buildings, and tools), and entrepreneurship.

The Inputs Used to Produce Goods and Services Are Called