An understanding of the best ways to produce goods and services is called

Question

An understanding of the best ways to produce goods and services is called
	a. physical capital. 	
	b. productivity. 	
	c. human capital. 	
	d. technology.

GPT-4o mini · Answer

The correct answer is **d. technology.** Technology refers to the application of scientific knowledge for practical purposes, especially in industry, which encompasses the best ways to produce goods and services.