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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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