Every production is organized by combining land, labor, physical capital, and human capital,  which are known as_________

  1. Factors of production
  2. Working capital
  3. Physical capital
  4. manufacturing

Answer:

So,  the correct answer is (a) 

Every production is organized by combining land, labor, physical capital, and human capital,  which are known as factors of production.

Go Ad-free
Davneet Singh's photo - Co-founder, Teachoo

Made by

Davneet Singh

Davneet Singh has done his B.Tech from Indian Institute of Technology, Kanpur. He has been teaching from the past 14 years. He provides courses for Maths, Science, Social Science, Physics, Chemistry, Computer Science at Teachoo.