Asked by
Mujtaba Ahmed
on Nov 11, 2024Verified
Which of the following is the fundamental resource that is the basis of labor?
A) Capital
B) Natural resources
C) Time
D) Money
E) Entrepreneurial ability
Fundamental Resource
Basic inputs used in the production of goods and services, typically including labor, capital, land, and entrepreneurship.
Labor
The physical and mental effort used to produce goods and services.
- Understand the diverse kinds of resources and their contributions to production.
Verified Answer
MZ
Learning Objectives
- Understand the diverse kinds of resources and their contributions to production.