Resources Needed To Provide Goods or Services Are Called

Resources needed to provide goods or services are called…

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Resources needed to provide goods or services are called

Question: 

What do you call the resources needed to provide goods or services?

Answer:

Factors of production 

Factors of Production

The resources needed to produce goods and services are generally considered to include:

• Labor resources 
• Capital resources such as machines and buildings 
• Land 
• Fuel 
• Energy 
• Factories 
• Plants 
• Animals 

Takeaways 

So what are the resources that you need to produce goods?

Let’s look at a summary of our findings.

Resources needed to provide goods or services are called:

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