Question

What is the definition of labor (one of the productive resources)? A) the people needed to produce goods B) the equipment needed to produce goods C) the factories in which goods are made D) the goods and services a business produces

Answer 1

Answer:

A

Explanation:

A labor force is the people who actually work the machines and produce the goods, not the goods/machinery itself.

Answer 2

Answer:

A) The people needed to produce goods

Explanation:

productive resources- or "factors of production"- are land, labor, capital, and entrepreneurship. Labor cab be defined as the people needed to produce goods This could be something like a hammer, a computer, or even money.