Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Introduction

Question:

Land, labour, machinery are examples of which of the following options?

Options:

Services

Resources

Living Things

None of the above

Correct Answer:

Resources

Explanation:

The Correct Answer is option 2: Resources

Resource is defined as something used to produce goods and services that meet human needs and wants. Land, labor, and machinery are examples of resources. They represent factors of production that are utilized in the production process to create goods and services.