98.4k views
5 votes
Which of the following is (are) NOT considered a factor of production?

A. knowledge
B. land
C. capital
D. taxes

User Soffy
by
8.3k points

1 Answer

5 votes

Final answer:

Taxes are not considered a factor of production.

Step-by-step explanation:

The factors of production are land, labor, capital, and entrepreneurs. When considering which of the following is not considered a factor of production: knowledge, land, capital, or taxes, the correct answer is D. taxes. Taxes are not a resource used in the production of goods and services, but rather a financial burden imposed on businesses and individuals to fund government operations.

User Rajiv Yadav
by
8.5k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.