Resources harnessed in certain proportion to create goods and services are?
Answer Details
Resources harnessed in certain proportion to create goods and services are called "factors of production". These factors of production include land, labor, capital, and entrepreneurship. Land refers to the natural resources used in the production process, such as raw materials and minerals. Labor refers to the human effort used in the production process. Capital refers to the tools, machinery, and equipment used in the production process. Finally, entrepreneurship refers to the organization and management skills used to bring together the other factors of production and make the production process possible. All of these factors work together to create goods and services that are essential for the economy.