Which of the following statements about factors of production is false Ahe term 'factors of production' is another term for resources. The factor of production termed labor means human resources. The factor or production termed land means natural resources. The factor of production termed capital means the money which the owners of firms need In order to set their firms up X

Economics For Today
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ISBN:9781337613040
Author:Tucker
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Chapter1: Introducing The Economic Way Of Thinking
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Which of the following statements about factors of production is false
Ahe term 'factors of production' is another term for resources.
The factor of production termed labor means human resources.
The factor or production termed land means natural resources.
The factor of production termed capital means the money which the owners of firms need
In order to set their firms up X
Transcribed Image Text:Which of the following statements about factors of production is false Ahe term 'factors of production' is another term for resources. The factor of production termed labor means human resources. The factor or production termed land means natural resources. The factor of production termed capital means the money which the owners of firms need In order to set their firms up X
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