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Why are the factors of production important to economics?

A-They are not important and economic growth can still occur without them

B-They are the resources that we are able to get from the land

C-they provide everything a persons needs to everyone in the world

D-They are the building blocks of the economy and are what people use to produce goods and services

Respuesta :

Answer:

D. They are the building blocks of the economy and are what people use to produce goods and services

Explanation:

(I took both AP microeconomics and AP macroeconomics)

halasiblani

Answer:

D

Explanation:

The factors of production are the resources used in creating and producing a good or service and are the building blocks of an economy. The factors of production are land, labor, capital, and entrepreneurship, which are seamlessly interwoven together to create economic growth.