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Which of the following are necessary for production to take place?

  • Question 5a of 10 - Factors of production

  • Maximum Attempts: 1
  • Question Type: Multiple Choice
  • Maximum Score: 2
  • Question: Which of the following are necessary for production to take place?
  • Answers:
  1. Advertising to create demand.
  2. The input of land, labor, and capital.
  3. Market research to determine the level of demand.
  4. The creation of shipping networks to distribute goods.

The correct answer is: The input of land, labor, and capital. Land, labor, and capital are the factors of production necessary for anything to be made.

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