Examlex
Which of the following is NOT a factor of production?
Intensity of Competition
The degree of rivalry among firms in a particular market, heavily influencing their pricing, marketing, and product development strategies.
Lobby Government
The act of attempting to influence government officials' decisions or policies, typically conducted by individuals, companies, or organizations.
Restrict Entry
The act of limiting access or entrance into a market or sector to control competition and maintain market power.
Total Profit
The sum of net gains, representing the total revenue from transactions minus the total costs associated with those transactions.
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