in-a-service-based-economy-which-factor-of-production-is-often-considered-most-i

Question

In a service-based economy, which factor of production is often considered most important?

Accepted Answer

Labor, due to the need for skilled service providers.

Answer

Natural resources, due to the need for raw materials.

Answer

Land, due to the need for office space.

Answer

Physical capital, due to the need for machinery.