Introduction to Economics 1 Deneme Sınavı Sorusu #1153637

What are the factors of production Classical economists identify?


Labor and capital

Labor, capital and land

Labor, capital and investor

Labor, capital and entrepreneur

Labor, capital, entrepreneur and land


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 answer is B.

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