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Which of the Following Are Considered Factors of Production? I

question 334

Multiple Choice

Which of the following are considered factors of production? I. Land
II) Labor
III) Physical capital
IV) Entrepreneurship


Definitions:

Farming Methods

Various techniques and practices used in agriculture for the cultivation of crops and raising of livestock, including but not limited to organic, conventional, and sustainable agriculture.

Eurasia and Africa

The combined continental landmass of Europe and Asia, and the second-largest continent, Africa.

Social Classes

Categories of people in a society who share similar positions in terms of wealth, education, job status, and power.

Social Status

A person's standing or rank in society, which can be determined by wealth, occupation, education, or family lineage, among other factors.

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