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WAEC Economics 2008 Question 2

Question 2

Theory of Production

Productive resources can also be called

  1. A.principle of production
  2. B.factors of production
  3. C.items of production
  4. D.labour and material resources.
Show the answer and explanation

Answer: B (factors of production)

Explanation

Land, labour, capital and entrepreneurship are productive resources, also called factors of production.