Which Factor of Production Accounts for the Highest Percentage of the Income

question 36

Multiple Choice

Which factor of production accounts for the highest percentage of the income that the production process generates in the US?

• A)Capital 
• B)Natural Resource 
• C)Land 
• D)Labor

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Definitions:

Hereditary Rulers

Monarchs or leaders whose position is passed down within a family, often from parent to child, based on the principles of hereditary succession.

Nomadic Existence

A lifestyle characterized by moving from one place to another rather than settling permanently in one location, often for reasons such as seasonal resource availability.

Good Harvest

A particularly productive yield of agricultural produce.

Theocratic

Pertaining to a form of government in which a deity is recognized as the supreme civil ruler, with the deity's laws being interpreted by ecclesiastical authorities.