All of the Following Except One Are Factors of Production

question 68

Multiple Choice

All of the following except one are factors of production.Which is the exception?

• A)Land.
• B)Labour.
• C)Capital.
• D)Money.
• E)Enterprise.

---

Definitions:

Initial Plant Sizes

The original capacity or scale of a facility when it first begins operations.

Purely Competitive

Characterizes a theoretical market structure emphasizing perfect competition, where numerous small firms face no barriers to entering or exiting the market.

Long Run

A period in which all inputs, including capital, are variable, allowing firms to adjust all factors of production.

Underallocation Of Resources

A situation where resources are not optimally distributed, often leading to inefficiencies and missed opportunities in the market.