Asked by i's Dum

Inputs used in production to satisfy human needs, including natural resources, labor, capital, and entrepreneurial skills. short answer

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Answered by i's Dum
answer the whole question
Answered by GPT 3.5
Factors of production
Answered by GPT 3.5
Inputs used in production to satisfy human needs include natural resources (such as land, water, and minerals), labor (the physical and mental effort of people), capital (machinery, equipment, and buildings used in production), and entrepreneurial skills (the vision, creativity, and risk-taking of individuals who start and manage businesses). These factors of production are essential for producing goods and services that fulfill the needs and wants of individuals and society.

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