Which of the following is not considered one of the factors of production?

Question

Quizplus · Accepted Answer

Technology is not considered one of the factors of production, but rather a product of human knowledge and innovation that can enhance the efficiency of production. The traditional factors of production are land, labor, and capital, while entrepreneurship is a fourth factor that involves taking risks and coordinating the other inputs to create goods and services.

Which of the Following Is Not Considered One of the Factors