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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:

  • Question: What do you call the resources needed to provide goods or services?
  • Answer: Factors of production 
Barriers to trade 
Circular flow 
Common economy
Economic concepts 
Equilibrium price 
Market economy
Mixed economy
Natural resources 
Production contract
Sale contract
Supply and demand
Author

Editorial Staff
Hello Nation! I'm a lawyer by trade and an entrepreneur by spirit. I specialize in law, business, marketing, and technology (and love it!). I'm an expert SEO and content marketer where I deeply enjoy writing content in highly competitive fields. On this blog, I share my experiences, knowledge, and provide you with golden nuggets of useful information. Enjoy!

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