Economic resources are the 0 technological, human, and manufactured Inputs used

Question

Economic resources are the 0 technological, human, and manufactured Inputs used to produce goods and services natural, human, and technological Inputs used to produce goods and services. O natural, human, and manufactured inputs used to produce goods and services. O natural, technological, and manufactured Inputs used to produce goods and services b. Economists classity resources as o labor, land, real capital, and entrepreneurs labor, resources, real capital, and entrepreneurs o iabor, land, financial capital, and entrepreneurs labor, land, human capital, and entrepreneurs c. Because sconomic resourcas are used to produce goods and services, they are called enekto le factors of production or inputs factors of production or products resources or products nputs or products

Explanation / Answer

C)natural, human, and manufactured inputs used to produce goods and services

Economic resources are the natural, human, and manufactured inputs used to produce goods and services.

Whereas, technological resources are manufactured products.

A)labour, land, real capital and entrepreneurs.

Real capital are already produced, durable good that further helps in producing other goods and services. Eg. Farm land.

A) factors of production or inputs.

Resources that goes into production of goods and services are called factors of production or inputs.

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