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Which of the following is not a factor of production?

a. Goods and Services
b. Capital
c. Labor
d. Land

User Karah
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1 Answer

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The correct answer is letter A. Good and Services.The factors of production are land (natural resources), labor (human power), capital (tools used to produce, NOT MONEY), and entrepreneurial ability (human thinking an innovation). Goods and services are the output of the manufacturing.
User Luuklag
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