In the context of factors of production, the _________ factor encompasses the physical, intellectual, and creative contributions of everyone who works within an economy.

Question

03-09-2019
Social Studies

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In the context of factors of production, the _________ factor encompasses the physical, intellectual, and creative contributions of everyone who works within an economy.

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ofentsemaphalla ofentsemaphalla · Answer 1 · 2019-09-09T07:34:21+02:00

Answer:

Human Resources

Explanation:

Production factors are the tools that individuals use to generate products and services. They are the economic construction blocks.

These production factors are split into four classifications: land, labor, capital, and business.

In political economy and economics, the word human resources was initially used to refer to labor. It relates to the staff and the part of their organisation that is accountable for managing staff.

​In the context of factors of production, the _________ factor encompasses the physical, intellectual, and creative contributions of everyone who works within an economy.

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In the context of factors of production, the _________ factor encompasses the physical, intellectual, and creative contributions of everyone who works within an economy.