Ask Question
13 November, 07:26

There would be no goods or services available if people did not work to produce them. This economic principle demonstrates the importance of which factor of production?

a. land

b. labor

c. capital

d. technology

+1
Answers (1)
  1. 13 November, 09:15
    0
    The question here stresses that there would be no goods or services if "i f people did not work to produce them" - which means that there would be no goods or services without labour - the correct answer is b. Labour is another term for work that people do.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “There would be no goods or services available if people did not work to produce them. This economic principle demonstrates the importance ...” in 📘 Social Studies if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers