Question: Which of the following is not a factor of production? a. Land b. Labor c. Capital d. Money e. All of the answer choices are factors of production. Which of the following is not a factor of production? a . Land b . Labor c . Capital d . Money e . All of the answer choices are factors of production.

Question

Question: Which of the following is not a factor of production? ﻿a. ﻿Land ﻿b. ﻿Labor ﻿c. ﻿Capital ﻿d. ﻿Money ﻿e. ﻿All of the answer choices are factors of production. Which of the following is not a factor of production? ﻿a .  ﻿Land ﻿b .  ﻿Labor ﻿c .  ﻿Capital ﻿d .  ﻿Money ﻿e .  ﻿All of the answer choices are factors of production.

Anu Bhardwaj · Accepted Answer

Correct Answer: d. Money

When we talk about the factors of production in economics, we’re referring to the basic resources needed to produce goods and services. These are:
Land – natural resources like water, minerals, forests, etc.
Labor – human effort (physical and mental work).
Capital – tools, machines, buildings (not to be confused with money).
Entrepreneurship – the people who bring everything together and take on risk.

Now here’s the important part:
Money is not considered a factor of production.
While it’s useful in business, money by itself doesn't produce anything. It’s just used to buy the actual resources needed (like labor or tools). That’s why it's not one of the core factors.

Electrical engineering

Electrical engineering

Question: Which of the following is not a factor of production? \ufeffa. \ufeffLand \ufeffb. \ufeffLabor \ufeffc. \ufeffCapital \ufeffd. \ufeffMoney \ufeffe. \ufeffAll of the answer choices are factors of production.

Anu Bhardwaj

Answer

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