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15 August, 19:37

Why are the factors of production important to economics?

A-They are not important and economic growth can still occur without them

B-They are the resources that we are able to get from the land

C-they provide everything a persons needs to everyone in the world

D-They are the building blocks of the economy and are what people use to produce goods and services

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Answers (2)
  1. 15 August, 22:57
    0
    D. They are the building blocks of the economy and are what people use to produce goods and services

    Explanation:

    (I took both AP microeconomics and AP macroeconomics)
  2. 15 August, 23:21
    0
    D

    Explanation:

    The factors of production are the resources used in creating and producing a good or service and are the building blocks of an economy. The factors of production are land, labor, capital, and entrepreneurship, which are seamlessly interwoven together to create economic growth.
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Home » Social Studies » Why are the factors of production important to economics? A-They are not important and economic growth can still occur without them B-They are the resources that we are able to get from the land C-they provide everything a persons needs to everyone
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