Why Are the Four Factors of Production Important

question 17

Multiple Choice

Why are the four factors of production important?

• A) The factors of production are regulated by the government.
• B) Human resources will always be the most important factor of production.
• C) Managing all four of the factors of production is critical for the successful operation of a business.
• D) An economic system requires the factors of production for successful operation.

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Definitions:

Increased Hostility

A state of being aggressively unfriendly or overtly ready to confront or attack.

Characteristic Odors

Distinctive smells that are often associated with specific substances, environments, or conditions.

Control Theory

A theory in psychology and sociology which suggests that individuals regulate their own behavior through internal processes to achieve goals or maintain a sense of control.

Overload Theory

A psychological concept proposing that individuals have a limit to the amount of information or stimuli they can process, with overload leading to stress or error.