Which of the Following Correctly Lists the Categories of Factors

question 84

Multiple Choice

Which of the following correctly lists the categories of factors of production?

• A) Labour, money, stocks and bonds
• B) Forests, fish, buildings, capital and entrepreneurship
• C) Land, labour, capital and entrepreneurship
• D) Land, buildings, capital and entrepreneurship
• E) Labour, machines, buildings, capital and entrepreneurship

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Definitions:

Social Stratification

The hierarchical arrangement of society whereby individuals or groups are ranked according to various criteria like wealth, power, and status.

Upper-upper Class

The most affluent and influential segment of society, often characterized by generational wealth, elite social status, and significant power.

Inherit

means to receive or come into possession of properties, titles, or traits from ancestors or predecessors, through legal succession or biological inheritance.

Wealth

An abundance of valuable possessions, resources, or material gains.