what are the basic types of resources used by producers? choose three answers. capital labor value scarcity…

what are the basic types of resources used by producers? choose three answers. capital labor value scarcity land

what are the basic types of resources used by producers? choose three answers. capital labor value scarcity land

Answer

Brief Explanations:

In economics, the factors of production (resources for producers) are land, labor, and capital. Land refers to natural resources, labor is the human - effort input, and capital includes physical and financial assets used in production. Value and scarcity are economic concepts but not basic resources for producers.

Answer:

  • capital
  • labor
  • land