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Which of the following is NOT a factor of production?

ALand

BCapital

CProfit

DLabor

Answer:

C. Profit

Read Explanation:

Factors contributing to production

➤ Land

► Employment

► Capital

► Organization

  • Profit is NOT a factor of production - it is rather the reward or return that entrepreneurs receive for their efforts. It's the income earned after all costs of production have been paid.


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