According to Economists,which of the Following Is NOT a Factor

question 89

Multiple Choice

According to economists,which of the following is NOT a factor of production?

• A)Land.
• B)Labor.
• C)Money.
• D)Entrepreneurship.

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Definitions:

Historical Significance

Describes the importance or impact that an event, person, or place has had on history.

Labor Movement

A social and economic campaign to improve the rights, working conditions, and compensation of workers.

Social Darwinism

An ideology that applies the concept of "survival of the fittest" to human societies, justifying inequalities in wealth and social status as natural.

Liberty of Contract

A legal principle asserting the freedom of individuals to form contracts without government interference, emphasizing economic freedom and limiting state regulation.