Factors of Production Are Grouped into Four Categories

question 270

Multiple Choice

Factors of production are grouped into four categories

• A) land, labor, capital, entrepreneurship.
• B) land, labor, capital, money.
• C) land, capital, money, entrepreneurship.
• D) labor, capital, money, entrepreneurship.

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Definitions:

Social Class Ladder

A system of social stratification based on income, wealth, education, and occupation, which affects individuals' opportunities and social status.

Intersection

A concept often used in sociology to describe the ways in which social categories such as race, gender, and class interact on multiple and often simultaneous levels, contributing to systematic social inequality.

Race And Class

Intersecting social categorizations that significantly impact an individual's life experiences, opportunities, and interactions within societal structures.

Home Foreclosures

The legal process by which a lender takes possession of a property due to the borrower's failure to keep up with mortgage payments.