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Which of the following is (are) NOT considered a factor of production?

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

User Soffy
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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
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