Questions: A square can be defined as whatever people use to create services and goods.

A square can be defined as whatever people use to create services and goods.
Transcript text: A $\square$ can be defined as whatever people use to create services and goods.
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Solution

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The answer is the second one: resource.

Explanation for each option:

  1. Product: A product is the result of a process, typically something that is created or manufactured. It is not what is used to create services and goods, but rather the outcome.

  2. Resource: A resource is something that is used to produce goods and services. This can include natural resources, human resources, capital, and more. Therefore, this is the correct answer.

  3. Value: Value refers to the importance, worth, or usefulness of something. It is not something that is used to create goods and services, but rather a measure of what those goods and services are worth.

  4. Cost: Cost refers to the amount that needs to be paid or spent to buy or obtain something. It is not what is used to create goods and services, but rather a measure of the expenditure involved in the production process.

In summary, the correct term that fits the definition of "whatever people use to create services and goods" is "resource."

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