Factors of Production Are Grouped into Four Categories

question 51

Multiple Choice

Factors of production are grouped into four categories:

• A) land, capital, money, entrepreneurship
• B) labor, capital, money, entrepreneurship
• C) land, labor, capital, money
• D) land, labor, capital, entrepreneurship

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Definitions:

Work-life Balance

The equilibrium that an individual aims for between personal life, leisure, and work or career demands.

Human Factors Psychologist

A psychologist focusing on how people interact with products, systems, and environments to improve usability and performance.

Distractions

Interruptions that divert an individual's attention from the intended focus.

Leadership

The action of leading a group of people or an organization, or the ability to do this.