Which of the following is NOT a factor of production?
A) labor
B) capital
C) entrepreneurs
D) government

Question

Quizplus · Accepted Answer

Government is not a factor of production. Factors of production are the resources needed to produce goods and services, including labor, capital, and entrepreneurship. Government is a regulatory body responsible for creating and enforcing laws, policies, and regulations that affect the economy, but it is not considered a factor of production.

Which of the Following Is NOT a Factor of Production