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WAEC Commerce 2022 Question 6

Question 6

Production

The resources put together to create goods and services are

  1. A.working capital
  2. B.producer goods
  3. C.factors of production
  4. D.consumer goods
Show the answer and explanation

Answer: C (factors of production)

Explanation

Land, labour, capital and entrepreneur are the factors of production combined to produce goods and services.