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Productive resources can also be called

Economics
WAEC 2008

Productive resources can also be called

  • A. principle of production
  • B. factors of production
  • C. items of production
  • D. labour and material resources
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Correct Answer: Option B
Explanation

Productive resources are otherwise known as factors of production. These are the resources used to produce goods and services. They include; land, labour, capital and entrepreneur.

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