Which of the following is not considered as a factor of production?
A)money
B)machinery and equipment
C)land
D)unskilled labor

Question

Quizplus · Accepted Answer

Money is not considered as a factor of production because it is not used to produce goods or services directly. It is used as a medium of exchange to buy factors of production and goods and services. Factors of production include land, labor, capital (such as machinery and equipment), and entrepreneurship.

Which of the Following Is Not Considered as a Factor