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Cotton is considered a factor of production, what category does cotton fall under?

Land
Labor
Capital
Entrepreneurship

User Regdoug
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1 Answer

1 vote

Answer:

Capital

Step-by-step explanation:

Factors of production refers to every single resources that are needed for a business entity to continue their operations.

In factors of production categorization, capital will include things such as the money that investors put up to purchase the necessities , physical tools that the workers use, plantations, Materials, and Machines/ equipment.

Cotton is considered as a raw material before it's being transformed into another product (such as bed or clothing).

User Jernej Strasner
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