_________is/are considered an input of production.

labor
electricity
steel used in manufacturing automobile

1 answer

All three options you provided—labor, electricity, and steel used in manufacturing automobiles—are considered inputs of production.

  1. Labor refers to the human effort used in the production of goods and services.
  2. Electricity is considered an input because it provides the energy necessary to operate machinery and equipment used in production.
  3. Steel used in manufacturing automobiles is a raw material that is transformed into a final product during the production process.

So, each of these is a valid input of production.