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What are factors of production?
O A.
all the human efforts involved in the production process
OB.
all the resources used to produce any goods and services
Ос
all the physical tools and equipment used in the production process
D. all the naturally occurring resources found in land, air, and water



Answer :

GinnyAnswer

Final answer:

Factors of production refer to resources used in the production of goods and services such as labor, capital, and natural resources.


Explanation:

Factors of production are the resources the economy has available to produce goods and services. Labor is the human effort that can be applied to production, capital includes produced assets like machinery, and natural resources are resources from nature.


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