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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #754051
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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