The Factors of Production Include

question 111

Multiple Choice

The factors of production include:

• A) labour, land and raw materials and capital
• B) labour, land and raw materials
• C) land, labour, raw materials and money
• D) land, raw materials and capital

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Definitions:

Design Patent

A design patent is legal protection granted to the unique visual qualities of a manufactured item, protecting its appearance, aesthetic features, or ornamental design rather than its utility or function.

Unique Or New Forms

Innovative or first-of-its-kind methods, structures, or types not previously seen or used.

Specific Performance

A nonmonetary award granted by the courts to a party of the contract who has suffered a loss due to the actions of another party.

Nonmonetary Award

Recognition given to employees or individuals that do not involve a direct financial reward, such as certificates, plaques, and verbal recognition, aimed at motivating and valuing contributions.