Answer:
C. having a low standard of living
Explanation:
In order to produce, a country need these following factors of production:
- Natural Resources.
This includes all the things that are needed as materials and energy to continue the operation.
- Investment
This includes capital injection to buy all the thigns needed for the production
- Labor/workers
This includes both skilled/non-skilled workers that are needed during the production
- Land
This includes the empty spaces that a company can use to put its factories and machines
- Entrepreneurial skills
This includes all the skills/knowledge that can be used for the production.
All of the things above can be obtained without having a low standard of living. Having low standard of living actually might prevent a country from obtaining these factors of production.
