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35 votes
Which of the following statements about factors of production is false?

a) The term 'factors of production' is another term for resources.

b) The factor of production termed labour means human resources.

c) The factor or production termed land means natural resources.

d) The factor of production termed capital means the money which the owners of firms need in order to set their firms up.

User Ivan Karaman
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1 Answer

11 votes
11 votes

Answer:

b

Step-by-step explanation:

User Pooja Aggarwal
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