Which of the Following Are Factors of Production

question 77

Multiple Choice

Which of the following are factors of production?

• A)Output in a production function.
• B)Productivity.
• C)Land,labor,capital,and entrepreneurship.

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Definitions:

Personal Use

Utilization of property or goods in a manner primarily for the individual's own consumption, enjoyment, or benefit, rather than for business or commercial purposes.

Capital Contributions

Monetary or non-monetary assets that are provided to a company by its owners or shareholders to increase its equity.

Capital Account

An account on a country's balance of payments that records transactions involving the acquisition or disposal of assets and liabilities.

Income Distribution

The manner in which total income is spread amongst the shareholders, partners, or other stakeholders in a company or economy.