Question

Factors of production are a. the physical relationships between economic inputs and outputs. b. the mathematical calculations firms make in determining their optimal production levels. c. social and political conditions that affect production. d. inputs into the production process.

Answer 1

d. inputs into the production process.

Step-by-step explanation:

The factors of production refers to the inputs or the resources that are processed to produced an output so that the economic profit could be made

It comprises of the following

a. Land

b. Labor

c. Capital

d. Entrepreneurship

These four factors of production are used to make an economic profit by converting the inputs into outputs