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The resources put together to create goods and services are

Commerce
JAMB 2022

The resources put together to create goods and services are

  • A. working capital
  • B. producer goods
  • C. factors of production
  • D. consumer goods
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Correct Answer: Option C
Explanation

Factors of production are the agents, components or resources which are combined together to produce goods and services. The factors of production are: land, labour, capital and entreprenuer.

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Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now