tiffuhnee
contestada

Why are the factors of production important to economics?

A. They are not important and the 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 person 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.

Respuesta :

Answer:

i think the answer is D. They are the building blocks of the economy and are what people use to produce goods and services.

Explanation:

The factors of production are land, labor, capital, and entrepreneurship, which are seamlessly interwoven together to create economic growth. Improved economic growth raises the standard of living by lowering production costs and increasing wages. (got the explanation form the web, lol)

(  Sorry for the long wait! I just got brainly today (:  )

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