jamiletmitchell jamiletmitchell

18-03-2020
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In economics, when discussing the factors of production, the term land refers to
A) farmland.
B) real estate.
Eliminate
C) capital goods.
D) all natural resources.

Respuesta :

olivasjamie03 olivasjamie03

19-03-2020

Answer is D) all natural resources ;)

Explanation: Economists traditionally divide the factors of production into four categories: land, labor, capital, and entrepreneurship. Land refers to natural resources, labor refers to work effort, and capital is anything made that is used to make something else.

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