Which of the following is not a factor of production? a. Goods and Services b. Capital c. Labor d. Land

Question

asked Apr 14, 2017 119k views

1 Answer

Luuklag · Answer 1 · 2017-04-21T12:28:35+0000

The correct answer is letter A. Good and Services.The factors of production are land (natural resources), labor (human power), capital (tools used to produce, NOT MONEY), and entrepreneurial ability (human thinking an innovation). Goods and services are the output of the manufacturing.

Which of the following is not a factor of production? a. Goods and Services b. Capital c. Labor d. Land

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

No related questions found

Categories

Other Questions