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Economics
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The four factors of production are:

a. land, labor, capital, human capital

b. rent, wages, interest, profit

c. labor, human capital, time, natural resources

d. land, labor, capital, entrepreneurship

e. human capital, time, financial capital, profit

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Sonia Dhawan
Sonia DhawanLv10
30 Oct 2020
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Related questions

Which correctly lists the three factors of production in a capitalist economy?
A. land, labor, and a laissez-faire economy
B. socialism, labor, and capital
C. land, labor, and capital
D. land, capital, and monopoly

Which of the following lists gives factors that lead to an increase in labor productivity?

A) Saving and investment in physical capital, and wage increases
B) Expansion of human capital, population growth, and the discovery of new technologies
C) Expansion of human capital, labor force increases, and the discovery of new technologies
D) Saving and investment in physical capital, expansion of human capital, and discovery of new technologies
E) Labour force increases and wage increases
Which of the following correctly explains why money is not considered capital in economics?
A) Money can only be used to produce physical capital, not human capital.
B) Money can only be used to produce privately owned capital, not publicly owned capital.
C) The term capital refers to a factor of production.
D) Money is used to purchase land, labor, or capital.

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