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Question

The most abundant factor of production is _____.

A
labour
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B
capital
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C
land
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D
none of the above
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Solution

The correct option is D none of the above
The 4 factors of production are Land, Labour, Capital and Entrepreneurship. There is a scarcity of resources and the demands are unlimited. Economics is present today in order to reduce the problem through efficient allocation of resources. Hence, no factor of production is abundant.

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