Answered

Which of the following statements about factors of production is the most accurate?

Athe five factors of production are energy, capital, labor, leadership and money.
Bwealth creation in poor nations is slowed by chronic shortages of labor.
Ceach of the factors of production is equally important in creating wealth.
Dentrepreneurship and knowledge are the most important in creating wealth.

Verified Answer :

ShayDarnelle
AThose Are the production model factors
Tundexi

The most accurate is statement is entrepreneurship and knowledge are the most important in creating wealth (D)

Production means the process of extraction and transformation of raw materials into finished good as well as delivering it to the final consumer.

The four recognized factors of production are Land, Labor, Capital and Entrepreneur.

The most effective and important factor of production is the Entrepreneur. Without the service of the entrepreneur, the other factor of the production cannot be well-utilized.

The entrepreneur is called the brain-box of production.

In conclusion, entrepreneurship and knowledge are the most important in creating wealth.

Learn more about production here https://brainly.com/question/988852  https://brainly.com/question/14630130

Related Questions