Factors of Production Include

question 193

Multiple Choice

Factors of production include

• A) the economic system.
• B) land, labor, capital and entrepreneurship.
• C) labor and capital (not land, which is fixed).
• D) only capital, land, and labor.

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Definitions:

Solution

The value or set of values that satisfy an equation, inequality, or system of equations.

Equation

A mathematical statement that asserts the equality of two expressions, symbolized by the use of an equals sign.

Solve

To find the solution to a problem or the answer to a question, especially in mathematics.

Solution

A solution in mathematics refers to the value or set of values that satisfy an equation, inequality, or system of equations.