What Are the Means,or Factors,of Production

question 31

Multiple Choice

What are the means,or factors,of production?

• A) synonyms of a society's mode of production
• B) a society's institutional mechanisms for making sure that everyone is productive
• C) the ways a society organizes production
• D) labor forces organized by kinship ties
• E) a society's major productive resources, such as land and other natural resources, labor, technology, and capital

---

Definitions:

Market Value

The current price at which an asset or service can be bought or sold in the marketplace.