All natural, human and human-made aids to production are called what?

• A. Resources
• B. Revenues
• C. Shares
• D. Services

Answer: (A)

In production, the inputs used to create goods and services are called resources. This term covers natural resources (like land and raw materials), human resources (the people and their skills, labor, and entrepreneurship), and capital resources (the human-made aids such as tools, equipment, and buildings). These inputs are what producers combine to create outputs.

So, all natural, human, and human-made aids to production fit under the umbrella of resources. The other terms don’t describe inputs: revenues are money earned from sales, shares are ownership stakes, and services are offerings provided to customers rather than inputs used to produce.