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JAMB Commerce 2009 Objective — Question 4

Question 4 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2009 Objective paper, with the correct answer and a full explanation.

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4. Resources harnessed in certain proportion to create goods and services are

  • A. factors of productionCorrect
  • B. technology and labour
  • C. land and entrepreneur
  • D. raw materials

Explanation

Factors of production are the resources required to ensure production takes place.

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