Ask Question
20 July, 03:18

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

+4
Answers (2)
  1. 20 July, 03:23
    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. 20 July, 03:46
    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.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Why are the factors of production important to economics? A-They are not important and economic growth can still occur without them B-They ...” in 📗 Social Studies 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