Ask Question
29 January, 09:02

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.

+4
Answers (1)
  1. 29 January, 09:13
    0
    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.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “In economics, when discussing the factors of production, the term land refers to A) farmland. B) real estate. Eliminate C) capital goods. ...” in 📗 History if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers