Which is an example of a factor of production?
A) corporate social responsibility
B) business ethics
C) entrepreneurship
D) the economic climate

Question

Quizplus · Accepted Answer

Factors of production are the resources needed in the production of goods and services. These include land, labor, capital, and entrepreneurship. Corporate social responsibility and business ethics are not factors of production, but rather concepts related to business ethics and social responsibility practices. The economic climate is a factor that affects production but not a factor of production itself.

Which Is an Example of a Factor of Production