Factors of Production Include All of the Following EXCEPT

question 23

Multiple Choice

Factors of production include all of the following EXCEPT

• A) machines made in past years.
• B) money.
• C) entrepreneurship.
• D) a wheat field that is not irrigated.

---

Definitions:

Fisheries Value

The economic value derived from the activities of capturing or cultivating fish and other aquatic resources.

Natural Monopoly

A market condition where a single firm can supply a product or service to an entire market at a lower cost than two or more firms could, often due to high infrastructure or fixed costs.

Per-unit Costs

The average cost incurred in the production of one unit of a good or service, including both fixed and variable costs.

Number Of Producers

The total count of entities or individuals that manufacture or produce goods and services within an economy.