The resources used in production are called
...The resources used in production are called
Variable inputs
Factors of production
Capital for production
Fixed inputs
Correct answer is B
Factors of production are the inputs needed for the creation of a good or service. They include land, labor, entrepreneurship, and capital.
The wages of a group of workers in dollars is stated below; 40, 30, 70, 20, 60, 10, 10, 80, 30, a...
Which of the following is NOT associated with minimum price legislation? ...
A government that wants to get more revenue will increase the tax on commodities with a ...
A perfect example of a public good is ...
The demand for labour is an example of ...
Price control cannot work in Nigeria because ...
If the marginal utility of a commodity is equal to its price then ...
One of the problems facing the Nigerian oil and gas industry is____________________? ...