ECONOMICS (CBSE/UGC NET)

ECONOMICS

TECHNOLOGY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
There are 4 ____ They are land, labor, capital and entrepreneurship.
A
Factors of Production
B
Market Economy
C
Profit
D
Economics
Explanation: 

Detailed explanation-1: -Factors of production are resources that are the building blocks of the economy; they are what people use to produce goods and services. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.

There is 1 question to complete.