Which of the following would NOT be considered a factor of production?

Question

Quizplus · Accepted Answer

Trade is not considered a factor of production. Factors of production refer to the resources that are used in the production of goods and services, such as labor, capital, technology, land, and entrepreneurship. Trade is a process by which goods and services are exchanged between individuals, businesses, or countries, but it is not a resource used in production.

Which of the Following Would NOT Be Considered a Factor