Question

Name the two scarce factors of production?

Answer 1

Answer:

Remember, goods and services are scarce because the factors of production used to produce them are scarce. ... I will say the name of an item and you will identify it as one of the four possible resources that form the factors of production: land, labor, capital, or entrepreneurship.

Answer 2

Scarce natural factors of production are land and non-renewable resources like petroleum and coal.....✌️❣️