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The resource used in production are called

Economics
WAEC 2011

The resource used in production are called

  • A. variable inputs
  • B. factors of production
  • C. capital for production
  • D. fixed inputs
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Correct Answer: Option B
Explanation

 Factors of production are the inputs needed for the creation of a good or service. They include land, labor, entrepreneurship, and capital.

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