Which of the following is NOT considered to be a factor of production?
A) labor
B) capital
C) natural resources
D) government

Question

Quizplus · Accepted Answer

Factors of production refer to the resources that are used in the production process to produce goods and services. Labor, capital, and natural resources are all factors of production. Government, on the other hand, is not a resource used for production but rather a governing body that regulates the economy and enforces laws and regulations.

Which of the Following Is NOT Considered to Be a Factor