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    Question

    Which of the following is NOT one of the factors of

    production?
    A Land Correct Answer Incorrect Answer
    B Labour Correct Answer Incorrect Answer
    C Capital Correct Answer Incorrect Answer
    D Loan Correct Answer Incorrect Answer
    E Entrepreneurship Correct Answer Incorrect Answer

    Solution

    The factors of production are resources that are the building blocks of the economy; they are what people use to produce goods and services. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship. Loan as a resource would come under Capital.

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