Resources needed to provide goods or services are called factors of production. facets of production. functions of production. facts of production.

Answer

Factors of production

Explanation

Factors of production are the resources that people use for the purposes of of providing goods and services. In every economy these factors acts the building blocks.These factors include land which comprises all the natural resources, then labor which includes human resources and manpower and capital which includes man-made resources and also enterprise which brings together all the resources together for production processes.  This is because every economy needs or requires goods and services so as to maintain its growth.

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