What is the value of all tangible resources such as raw materials and labour that are used in the production process called?
Answers
Answered by
0
The real cost of production for a business typically includes the value of all tangible resources such as raw materials and labor that are used in the production process.
Answered by
0
Explanation:
Labor is the amount of physical, mental, and social effort used to produce goods and services in an economy.
It supplies the expertise, manpower, and service needed to turn raw materials into finished products and services.
Similar questions