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      Question

      Which of these is not considered a factor of

      production?
      A Wages Correct Answer Incorrect Answer
      B Land Correct Answer Incorrect Answer
      C Capital Correct Answer Incorrect Answer
      D Entrepreneurship Correct Answer Incorrect Answer

      Solution

      Wages are a form of compensation and not a factor of production. Factors of production include land, labor (not wages), capital, and entrepreneurship, which are the essential inputs in the production process.

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