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19 July, 15:10

In economics, when discussing the factors of production, the term land refers to

A) farmland.

B) real estate.

Eliminate

C) capital goods.

D) all natural resources.

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Answers (1)
  1. 19 July, 15:41
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    Answer is D) all natural resources; )

    Explanation: Economists traditionally divide the factors of production into four categories: land, labor, capital, and entrepreneurship. Land refers to natural resources, labor refers to work effort, and capital is anything made that is used to make something else.
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