asked 190k views
5 votes
Which of the following is not a factor of production:

a. Dairy cattle
b. Coal miners
c. Customers
d. Trucks

asked
User GerSua
by
8.0k points

2 Answers

4 votes
C. Customers would not be considered a factor of production
answered
User Leeks And Leaks
by
7.8k points
0 votes

Answer: C.

Step-by-step explanation:

c. Customers are not a factor of production.

The factors of production are the resources that are used in the production of goods and services. The four main factors of production are land, labor, capital, and entrepreneurship.

a. Dairy cattle are a type of land resource used in agriculture and food production.

b. Coal miners are labor resources used in the extraction and production of coal.

d. Trucks are capital resources used in transportation and logistics.

Customers are not considered a factor of production because they are not resources used in the production process. Customers are the end-users or consumers of goods and services produced by the factors of production.

answered
User Nassan
by
8.6k points
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