in the circular flow model, factors of production flow to firms. which of the following are the primary…

in the circular flow model, factors of production flow to firms. which of the following are the primary factors of production? check all that apply.\n□ labor\n□ capital\n□ goods\n□ land\n□ services

in the circular flow model, factors of production flow to firms. which of the following are the primary factors of production? check all that apply.\n□ labor\n□ capital\n□ goods\n□ land\n□ services

Answer

Brief Explanations:

In economics, the primary factors of production are labor (human effort), capital (physical and financial assets used in production), and land (natural resources). Goods and services are the outputs of production, not factors of production.

Answer:

  • labor
  • capital
  • land