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Organic Farming

The factors o...

Question

The factors of production may be defined as resources which help the firms to produce goods or services.

A

True

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B

False

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Solution

The correct option is A True
The factors of production refer to the means of production by which production mechanism is facilitated. $4$ factors of production are-land, labour, capital, entrepreneurship. These help to produce goods and services in an economy.

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