Question:
Which one of the following is not a factor of production?
(1) Natural resources
(2) Human resources
(3) Capital
(4) Money
(5) Entrepreneurship
Correct Answer:
(4)
Answer Explanation:
In economics, the “factors of production” strictly refer to real, productive resources used to create goods and services: Land (natural resources), Labour (human resources), Capital (machinery/tools), and Entrepreneurship. Money is financial capital, not a real factor of production, as it cannot directly produce anything on its own.
Topic: Factors of Production Year: 2017
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