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.
Advertisement
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.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.