What are factors of production? 1/ all the human efforts involved in the production process2/ all the resources used to produce any goods and services 3/all the physical tools and equipment used in the production process 4/all the naturally occurring resources found in land, air, and water nextreset

The answer is 2: all the resources used to produce any goods and services.

Explanation:

Factors of production refers to the all the inputs used to produce goods and services in order to make profit. It also means resources required for generating or creating goods and services. The factors of production are land, labour, capital and entrepreneurship. Organisations construct factors of production as management, technology, machines, materials, labour and so on.

the answer would be voluntary exchange -

"the act of buyers and sellers freely and willingly engaging in market transactions. moreover, transactions are made in such a way that both the buyer and the seller are better off after the exchange than before it occurred."

hope this : )

-shy