What are the natural, human, and capital resources collectively known as?

The correct answer is that natural, human, and capital resources are collectively known as factors of production. These resources serve as the essential building blocks for creating goods and services in an economy.

Natural resources include land and raw materials, which are used in the production process. Human resources refer to the labor provided by people, encompassing skills, efforts, and expertise. Capital resources consist of tools, machinery, and buildings used to produce goods and services. Together, these resources enable businesses and economies to operate efficiently and produce the desired output.

The other options, while related to the field of economics, do not encompass the broad definition provided by the term factors of production. Market resources might imply those resources that are available within a market context but do not specifically identify the categories of land, labor, and capital. Economic inputs is a more generic term that could describe factors of production but does not specifically categorize them as comprehensively. Resource allocation refers to how these factors are distributed and utilized within an economy rather than the types of resources themselves.