The four factors of production are

Question

Quizplus · Accepted Answer

The four factors of production are labour (the work force), capital (money and assets), entrepreneurship (the ability to innovate and take risks), and land (natural resources). Option C lists these four factors correctly. Option A is incorrect because "neutral factors" and "nonproductive factors" are not recognized categories in economics. Option B is incorrect because men, women, and animals are all subsets of labour, and capital is the only correct factor in that list. Option D is incorrect because machines, factories, buildings, and farms are all forms of capital. Option E is incorrect because money and profits are both components of capital, not separate factors of production.

The Four Factors of Production Are