Answered

Resources (factors of production) are:
O Finished services that are bought and sold...
O Finished goods that are bought and sold.
Land, labor, capital and entrepreneurship.
O Money available to business through borrowing or saving.

Verified Answer :

GinnyAnswer

Final answer:

Factors of production are the key resources needed to produce goods and services in an economy, including land, labor, capital, and entrepreneurship.


Explanation:

Factors of production are the essential resources needed for the production of goods and services in an economy. These factors include land, labor, capital, and entrepreneurship. For example, labor represents the human effort applied to production, capital includes tools and machinery, and land encompasses natural resources used in production.


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