which of the following is not a factor of production
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Correct Answer: Option C
Explanation:
Land (which includes land itself as well as other natural resources and phenomena — water, forests, fossil fuels, weather, etc.),
Labor (the human work necessary to produce and deliver goods), and.
Capital (manmade goods used to produce other goods — factories, machinery, highways, electrical grid, etc.).
Entrepreneur is th eorganizer of the other factors of production. without the entrepreneur, there wont be production
Land (which includes land itself as well as other natural resources and phenomena — water, forests, fossil fuels, weather, etc.),
Labor (the human work necessary to produce and deliver goods), and.
Capital (manmade goods used to produce other goods — factories, machinery, highways, electrical grid, etc.).
Entrepreneur is th eorganizer of the other factors of production. without the entrepreneur, there wont be production