Which of the following is a factor of production?
A)a necklace produced by a jewellery manufacturer
B)50 shares of Google stock
C)the security guard at the local bank
D)$1 000 in casino chips

Question

Quizplus · Accepted Answer

The security guard at the local bank is considered labor, which is one of the factors of production. Factors of production include land, labor, capital, and entrepreneurship, and they are the inputs needed for the creation of goods and services.

Which of the Following Is a Factor of Production