Question : Enterprises combines factors of production to produce goods and services. Factors of production involves __________________________.
Option 1: Land and labour
Option 2: Capital and entrepreneurs
Option 3: Land, labor, capital and entrepreneurs
Option 4: Land and entrepreneurs

Question

Question : Enterprises combines factors of production to produce goods and services. Factors of production involves __________________________.

Option 1: Land and labour

Option 2: Capital and entrepreneurs

Option 3: Land, labor, capital and entrepreneurs

Option 4: Land and entrepreneurs

Team Careers360 · Accepted Answer

Correct Answer: Land, labor, capital and entrepreneurs

Solution :

There are four factors of production namely land, labour, capital and entrepreneur. The goods and services are being produced with the help of these factors of production.

Hence, Option C is correct.

Exams

Colleges

Predictors

Resources

Quick links

B.Tech CompanionUse Now Your one-stop Counselling package for JEE Main, JEE Advanced and BITSAT

Exams

Colleges & Courses

Predictors

Resources

Exams

Colleges

Predictors & E-Books

Resources

Engineering Preparation

Medical Preparation

Online Courses

Products

Exams

Colleges

Resources

Exams

Colleges

Predictors & Articles

Resources

Exams

Colleges

Predictors

Resources

NEET CompanionUse NowYour one-stop Counselling package for NEET, AIIMS and JIPMER

Exams

Colleges

Upcoming Events

Resources

Exams

Colleges

Resources

Quick Links

Top Streams

Specializations

Resources

Top Providers

Exams

Colleges

Resources

Diploma Colleges

Exams

Colleges

Resources

Exams

Resources

Top Courses & Careers

Colleges

Exams

Upcoming Events

Resources

Other Exams

Exams

Colleges

Top Countries

Student Visas

Exams

Top Schools

Products & Resources

NCERT Study Material

Question : Enterprises combines factors of production to produce goods and services. Factors of production involves __________________________. Option 1: Land and labourOption 2: Capital and entrepreneursOption 3: Land, labor, capital and entrepreneursOption 4: Land and entrepreneurs

Related Questions

Question : It involves deciding the technique of production to be used to produce goods and services?

Question : The technique used where more of labour are used to produce goods and services.

Question : The technique used where more of capital are used to produce goods and services.

Question : Buildings, machinery, tools, and equipment are a few examples of the capital goods that firms employ to produce their goods and services.

Question : Flow of Goods and Services and factors of production across different sectors in a barter economy is known as:

Trending Articles/News

Sign In/Sign Up

Download the Careers360 App on your Android phone

B.Tech CompanionUse Now
Your one-stop Counselling package for JEE Main, JEE Advanced and BITSAT

NEET CompanionUse Now
Your one-stop Counselling package for NEET, AIIMS and JIPMER

Question : Enterprises combines factors of production to produce goods and services. Factors of production involves __________________________.
Option 1: Land and labour
Option 2: Capital and entrepreneurs
Option 3: Land, labor, capital and entrepreneurs
Option 4: Land and entrepreneurs