Respuesta :
Answer:
D. land, capital, labor, and entrepreneurship
Explanation:
The four main factors of production are Land, Capital, Labour and Entrepreneurship
Land represents all natural resources usually gifted by nature including water, wood, gas, and other natural resources like oil.
Labour refers s to the workforce both skilled and unskilled that turn the natural resources or raw materials into finished goods or finished products. Labour will usually affect areas such as motivation, education and skills among others.
Capital represents to the resources that are obtained or manufactured to assist in the production process. Capital begins from the initial funding and then to the acquisition of tools and implements of work.
Finally, Entrepreneurship represents the individual who has the foresight to put the other factors of production together in order to create a product and solve an identified problem
Answer:
The correct answer is letter "D": land, capital, labor, and entrepreneurship.
Explanation:
Factors of Production is an economic term describing the general sources used to produce goods and services to make a profit. Under the classical view of economics, the factors of production consist of:
- Land refers to the land itself as well as to the raw materials that come from the land. It can also mean the physical area on which a factory sits.
- Capital refers to the buildings, machines, and tools used in the process of production. It also implies talking about intellectual capital and social capital.
- Labor refers to individuals who do all the things physically and intellectually to keep a business running.
- Entrepreneurship provides innovation and creativity in the use of the other three factors, which helps create a profitable business.
