Examlex

Solved

Which of the Following Is an Example of a Factor

question 21

Multiple Choice

Which of the following is an example of a factor of production?


Definitions:

Discretionary Income

The amount of an individual's income that is left for spending, investing, or saving after taxes and personal necessities (like food and shelter) have been paid.

Luxurious Vacation

A high-end travel experience featuring premium accommodations, exclusive amenities, and exceptional service.

Ritz-Carlton

A luxury hotel brand known for its high level of service quality and customer care, operating globally under the Marriott International portfolio.

Disposable Income

The financial resources that remain for saving and spending in households, following the deduction of income taxes.

Related Questions