Factors of Production

Q. is the living factor of production.

1. Land
2. Labour
3. Capital
4. Entrepreneurship

Q. Which of the following is not a factor of production?

1. Capital
2. Environment
3. Labour
4. Land

Q. Which of the following refers to the person or organising body that effectively combines the three factors of production—land, capital, and labour—in order to make a profit?

1. Corporate
2. Entrepreneur
3. Multinational company
4. Non-governmental organisation

Q. Which of the following refers to the person or organising body that effectively combines the three factors of production—land, capital, and labour—to make a profit?

1. Capital
2. Entrepreneur
3. Labour
4. Land