Which economic term is considered a resource?
a-land
b-price of goods
c-demand
d-gross domestic product

The correct answer is A. Land

Explanation:

In business, the land is considered a main factor of production along with capita, entrepreneur and labor because without land, materials, and resources that are necessary to create products cannot be obtained. Additionally, the term "land" in business includes any natural resource that is involved in production; for example, wood is a necessary resource in the process of creating furniture and this is considered as part of the land. Thus, the term that is considered a resource is "land" as this term refers to natural resources used during production.

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