Introduction to Economics 1 Deneme Sınavı Sorusu #855535

  1. Capital
  2. Product
  3. Labor
  4. Land

Which of the above are among the factors of production?


I and II

III and IV

I, II and III

I, III and IV

II, III and IV


Yanıt Açıklaması:

A firm needs to bring inputs together to produce goods or services. These inputs are called Factors of Production. Classical economists identified three widely defined groups of the factors of production: Labor, capital and land. The correct answer is D.

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