Which of the following is an example of a factor of production?

Question

Quizplus · Accepted Answer

Land is one of the traditional factors of production, along with labor and capital. It refers to all natural resources used in the production process, including land itself as well as minerals, water, and other resources that can be found on, above or below the ground. Cell phones, canned soup, and television sets are not factors of production but rather final goods produced by using factors of production.

Which of the Following Is an Example of a Factor