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Of the Factors of Production, Which Is Considered the Most

Question 176

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Of the factors of production, which is considered the most important?


A) Natural resources­once we finally deplete the earth's reserves of oil, water, natural gas, and even precious metals, the game will be over.
B) Human resources­without the physical, intellectual, and creative contributions of the people in an economy, there is no economy.
C) Entrepreneurship­even with limited natural or human resources, or even limited capital, the entrepreneur can create wealth, craft vision, see opportunity, and move forward.
D) Capital­it's the most important factor because information is key, and without technology and tools, modern society would crumble.

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