In terms of contribution to total income in Canada,the single MOST important factor of production is:
A) capital.
B) labour.
C) land.
D) entrepreneurship.

Question

Quizplus · Accepted Answer

While all factors of production are important, statistics show that labour (or human resources) has consistently contributed the most to Canada's total income over the years. In 2018, labour income accounted for 50.6% of Canada's Gross Domestic Product, whereas capital accounted for 36.4%, land for 8.8%, and entrepreneurship for 4.2%. Therefore, labour is the best choice as the most important factor of production in Canada.

In Terms of Contribution to Total Income in Canada,the Single