Factors of Production Are

question 89

Multiple Choice

Factors of production are

• A) goods and services.
• B) used to make goods and services.
• C) purchased by the consumer for personal use.
• D) sold by the consumer for income.
• E) the property of firms.

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Definitions:

Technology Sectors

Categories within the technology industry, each focusing on a specific area of technology such as software, hardware, or telecommunications.

Exercise

Physical activities performed to maintain or improve health and fitness.

Day-to-Day Existence

The routine activities and experiences that constitute an individual's daily life.

Lower Class

A socio-economic group characterized by lower income, limited educational opportunities, and reduced access to resources.