Which of the following correctly lists the categories of factors of production?

Question

Quizplus · Accepted Answer

The correct categories of factors of production are land, labour, capital, and entrepreneurship. Choice A is incorrect because money and stocks and bonds are not factors of production. Choice B is incorrect because forests and fish are natural resources and not factors of production. Choice D is incorrect because buildings alone are not a factor of production, but they do fall under the broader category of capital. Choice E is incorrect because machines alone are not a factor of production, but they also fall under the broader category of capital.

Which of the Following Correctly Lists the Categories of Factors