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27 August, 07:56

Which of the following best describes what Production accomplishes?

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  1. 27 August, 08:01
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    Answer: Value added to resources that already exist.
  2. 27 August, 08:17
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    The correct answer to this open question is the following.

    What best describes what production accomplishes is value added to resources that already exist.

    In economics, the factors of production need inputs to create products or to offer services. As we all know, these factors of production are Capital, Entrepreneurship, land, and labor. So production is a key component in any company because this element increases the value of resources needed to create goods.
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