What Are the Four Major Categories of Factors of Production

question 154

Multiple Choice

What are the four major categories of factors of production?

• A) economic power, money, technology, and agriculture
• B) technology, law, capital, and ingenuity
• C) knowledge, human resources, capital, and technology
• D) natural resources, capital, human resources, and entrepreneurship

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Definitions:

Distribution

A statistical term that describes the way values are spread out or distributed across a dataset.

Two Modes

A concept or framework that suggests there are two distinct ways or methods of operation or behavior.

Measure of Variability

is a statistical concept that quantifies the spread or dispersion of a set of data points.

Lowest Score

The minimum value or achievement recorded in a set of data or test results.