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. labor capital goods land services
Answer
Brief Explanations:
In economics, the primary factors of production are labor (human - effort), capital (physical and financial assets), and land (natural resources). Goods and services are the outputs of production, not factors of production.
Answer:
- labor
- capital
- land