ECONOMICS

Detailed explanation-1: -Business inputs refer to the resources that go into the production of the firm’s outputs. Examples of inputs include raw materials, equipment, labor, and capital.

Detailed explanation-2: -What are inputs? Inputs are any resources used to create goods and services. Examples of inputs include labor (workers’ time), fuel, materials, buildings, and equipment.

Detailed explanation-3: -Inputs are all the resources that a business uses in the production process, e.g. land, raw materials, components, machinery, equipment, labor, etc. Outputs are final tangible goods such as cars, clothes or furniture, or intangible services such as education, business consulting and healthcare.

Detailed explanation-4: -Factors of production are resources a company uses to generate a profit by producing goods and services. Land, labor, capital and entrepreneurship are the four categories of factors of production.

Detailed explanation-5: -key input definition, key input meaning | English dictionary 3 often pl a resource required for industrial production, such as capital goods, labour services, raw materials, etc.