Examlex
Which of the following is not considered a factor of production?
Perfected
In legal and finance terms, a status indicating that an interest, often a security interest in property, is formally established and recognized.
Priority
Priority indicates the level of importance or precedence given to an issue, task, or project over others.
Security Interest
A legal claim or lien on assets, which secures the payment of a debt or performance of some other obligation by the property owner.
Perfected
In legal and financial contexts, it refers to the completion of all necessary legal steps to validate a security interest against third parties.
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