Which Is NOT a Factor of Production

question 211

Multiple Choice

Which is NOT a factor of production?

• A) incentives
• B) human capital
• C) physical capital
• D) technological knowledge

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Definitions:

Utility

The satisfaction or benefit a consumer derives from consuming a product or service.

Textile Industry

A sector engaged in the production of yarn, cloth, and the subsequent design or manufacture of clothing and their distribution.

Athletic Performance

The level of achievement and proficiency demonstrated by an athlete or sports participant in competitive settings.

Utility

In economics, the satisfaction or benefit derived from the consumption of goods or services.