Question

What are the four factors of production?

• A. Labour, transportation, excise duty and entrepreneurship
• B. Man power, transportation, excise duty and import
• C. Capital, transportation, excise duty and entrepreneurship
• D. Land, labour, capital, and entrepreneurship

Answer 1

Answer:

D. Land, labour, capital, and entrepreneurship

The four factors of production, the essential inputs used to produce goods and services, are land, labor, capital, and entrepreneurship