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
Answer (1)
23rd Jan, 2024
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.
Comments (0)
Related Questions
Trending Articles/News
