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Resources needed to provide goods or services are called factors of production. facets of production. functions of production. facts of production.

Samantha Barber

in Social studies

1 answer

1 answer

Kyle Mckinney on March 7, 2018

AnswerFactors of productionExplanationFactors of production are the resources used by the people for the purposes of the provision of goods and services. In all of the economies of these factors in the actions of the building blocks.These factors include the earth, which comprises all the natural resources, then the labor, which includes human resources and labor and of capital that includes the man of the resources and also the company that brings together all of the resources for production processes. This is because any economy needs, or requires of goods and services in order to maintain their growth.

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