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Question

Which of the following is not a factor of production?

A
Land
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B
Labour
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C
Capital
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D
Government
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Solution

The correct option is D Government
Resources that are used to produce goods and services are called the factors of production. The factors of production can be divided into four categories: land, labour, capital, and entrepreneurship. The production of goods and services is done with the objective of making a profit.

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