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Which of the Following Is Not Considered a Factor of Production

question 109

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Which of the following is not considered a factor of production?


Definitions:

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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