Question

multiple choice
question 2
which answer choices are components of the economic term means of production?
select all that apply.

a capital

b land

c labor

d ownership

attempt 1 of 2

Explanation:

The means of production in economics refers to the resources used to produce goods and services. Capital (tools, machinery, etc.), land (natural resources), and labor (human effort) are key components. Ownership refers to who controls the means of production, not a component of the means of production itself.

Answer:

A. capital, B. land, C. labor