What are the inputs used in the production of goods and services called?

The term "Economic Resources" refers to the inputs utilized in the production of goods and services, encompassing all resources that are used to create economic value. This concept includes land, labor, capital, and entrepreneurship, which are fundamental to production processes across various industries. Collectively, these inputs are essential for transforming raw materials into finished products and services that fulfill consumer needs.

In contrast, while "Production Factors" and "Business Resources" may seem relevant, they can be considered broader or less specific terms compared to Economic Resources. "Raw Materials," on the other hand, specifically refers to the basic materials from which products are made, which is just one category of the broader class of Economic Resources. Thus, choosing Economic Resources accurately encapsulates the comprehensive array of inputs involved in production activities.