Introduction to Economics 1 Deneme Sınavı Sorusu #754051

I. Profit
II. Labor
III. Capital
IV. Entrepreneurship
V. Natural resources

Which of the above are considered as the main factors of production?


I, III and IV

II, III and V

III, IV and V

I, III, IV and V

II, III, IV and V


Yanıt Açıklaması:

The production process converts resources, which are called inputs or factors of production, into new goods and services called output over a period of time. The basic factors of production available to a society are natural resources, labor, capital and entrepreneurship. Profit is not one of them. The correct answer is E.

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