The Two Factors of Production That Seem to Contribute the Most

question 8

Multiple Choice

The two factors of production that seem to contribute the most to making countries rich are:

• A)entrepreneurship and knowledge.
• B)land and labour.
• C)land and capital.
• D)entrepreneurship and labour.

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Definitions:

Efficiently

The ability to achieve a desired outcome with minimal wasted effort or expense.

External Benefit

A positive effect or advantage experienced by someone who is not directly involved in producing or consuming a good or service.

Elderly Woman

A female individual of advanced age, often considered to be in the later stages of her lifespan.

Flower Garden

A designed space used specifically for the cultivation and display of flowers and other ornamental plants.