select the correct answer. what are factors of production? a. all the human efforts involved in the…

select the correct answer. what are factors of production? a. all the human efforts involved in the production process b. all the resources used to produce any goods and services c. all the physical tools and equipment used in the production process d. all the naturally occurring resources found in land, air, and water

select the correct answer. what are factors of production? a. all the human efforts involved in the production process b. all the resources used to produce any goods and services c. all the physical tools and equipment used in the production process d. all the naturally occurring resources found in land, air, and water

Answer

Brief Explanations:

Factors of production are defined as all resources used to produce goods and services. This includes labor (human - effort), capital (physical tools), land (natural resources), and entrepreneurship. Option A only focuses on human effort, option C only on physical tools, and option D only on natural resources. Option B encompasses all these aspects.

Answer:

B. all the resources used to produce any goods and services