A resource is something that:
A) is used to produce goods and services.
B) is provided by nature, and not produced by society.
C) exists in unlimited quantities in developed countries.
D) must be produced by a firm.
E) is always available free of cost.

Question

Quizplus · Accepted Answer

A resource is typically a factor of production that is used to create or produce goods and services. This means that resources are inputs that are required for the production process to be successful. Resources include things like natural resources, such as land or minerals, as well as labor, capital, and entrepreneurship. Without resources, production would not be possible, and the economy would not be able to function.

A Resource Is Something That