Asked by
Hannah Overton
on Oct 26, 2024
Verified
Which item is NOT a factor of production?
A) labor
B) machines and buildings
C) land
D) money
Factor of Production
An input used in the production of goods and services, such as land, labor, capital, and entrepreneurship.
Machines
Mechanical or electronic devices that perform tasks, often complex, without human intervention.
Buildings
Structures constructed for residential, commercial, or industrial purposes.
- Identify factors of production and their roles in the economy.
Verified Answer
FA
Learning Objectives
- Identify factors of production and their roles in the economy.