Which of the Following Factors of Production Is the Most

question 142

Multiple Choice

Which of the following factors of production is the most important contributing factor to increasing a nation's wealth?

• A)labour.
• B)capital.
• C)natural resources.
• D)entrepreneurship.

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Definitions:

Tort Law

The area of law that deals with civil wrongs, not arising from contractual obligations, where an injured party can seek compensation from the party causing the harm.

Prevent Future Harms

Measures or actions taken to stop or reduce the likelihood of adverse effects or damages occurring in the future.

Cultural Diversity

The existence of a variety of cultural or ethnic groups within a society, celebrating differences in traditions, languages, arts, and behaviors.

Homogenous Culture

A homogenous culture is one in which the members share similar values, beliefs, and customs, leading to minimal cultural diversity within the group.