What is the definition of labor (one of the productive resources) ? A) the people needed to produce goods B) the equipment needed to produce goods C) the factories in which goods are made D) the goods and services a business produces

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Valentina Jacobs

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7 July, 14:59

What is the definition of labor (one of the productive resources) ? A) the people needed to produce goods B) the equipment needed to produce goods C) the factories in which goods are made D) the goods and services a business produces

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Efrain Rojas · Answer 1

A) The people needed to produce goods

Explanation:

productive resources - or "factors of production" - are land, labor, capital, and entrepreneurship. Labor cab be defined as the people needed to produce goods This could be something like a hammer, a computer, or even money.

Mr Kitty · Answer 2

A

Explanation:

A labor force is the people who actually work the machines and produce the goods, not the goods/machinery itself.