Of the factors of production, which is considered the most important?
A) Natural resourcesonce we finally deplete the earth's reserves of oil, water, natural gas, and even precious metals, the game will be over.
B) Human resourceswithout the physical, intellectual, and creative contributions of the people in an economy, there is no economy.
C) Entrepreneurshipeven with limited natural or human resources, or even limited capital, the entrepreneur can create wealth, craft vision, see opportunity, and move forward.
D) Capitalit's the most important factor because information is key, and without technology and tools, modern society would crumble.

Question

Of the factors of production, which is considered the most important?
A) Natural resources­once we finally deplete the earth's reserves of oil, water, natural gas, and even precious metals, the game will be over.
B) Human resources­without the physical, intellectual, and creative contributions of the people in an economy, there is no economy.
C) Entrepreneurship­even with limited natural or human resources, or even limited capital, the entrepreneur can create wealth, craft vision, see opportunity, and move forward.
D) Capital­it's the most important factor because information is key, and without technology and tools, modern society would crumble.

Quizplus · Accepted Answer

The Answer of Of the factors of production, which is considered the most important?
A) Natural resources­once we finally deplete the earth's reserves of oil, water, natural gas, and even precious metals, the game will be over.
B) Human resources­without the physical, intellectual, and creative contributions of the people in an economy, there is no economy.
C) Entrepreneurship­even with limited natural or human resources, or even limited capital, the entrepreneur can create wealth, craft vision, see opportunity, and move forward.
D) Capital­it's the most important factor because information is key, and without technology and tools, modern society would crumble.

Of the Factors of Production, Which Is Considered the Most