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What are resources needed to produce goods and services called?
Factors of production
What resources are needed to produce goods and services?
production materials
Manufactured goods needed to produce other goods and services are called?
Capital Goods.
The fourth production factor needed to pull all three of the above resources together to make a product or to provide goods and services is called what?
Entrepreneurs.
What is called the use of scarce resources for production of goods and services?
Rationing
Related questions
What are resources needed to produce goods and services called?
Factors of production
What resources are needed to produce goods and services?
production materials
Manufactured goods needed to produce other goods and services are called?
Capital Goods.
The fourth production factor needed to pull all three of the above resources together to make a product or to provide goods and services is called what?
Entrepreneurs.
What is called the use of scarce resources for production of goods and services?
Rationing
What do you call the four resources needed to produce goods and services?
land, labor, capital and entrepreneurship
What are any resources that are made by humans and used to create other goods and called services goods?
capital
Using resources in such a way as to maximize the production of goods and services is called?
Efficiency
What are resources used to make all goods and services called?
factors of production
What is the conversion of resources into consumer goods or services called?
I would call it Manufacturing or in the case of services, business.
What is needed to produce goods and services?
Productive resources: Human, Capital, Natural, Management, Entrepreneurs, and Technology
What are any resources that are made by humans and used to create other goods and services called?
capital
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