Which of the following are the three factors of production?
A) labor,business,factories
B) land,labor,capital
C) workers,government,business
D) capital,government,land
E) business,land,labor

Question

Quizplus · Accepted Answer

The three factors of production are land (natural resources), labor (human effort), and capital (man-made tools, equipment or buildings used in production). Option B includes these three factors, while the other options do not.

Which of the Following Are the Three Factors of Production