With regard to factors of production, which of the following statements is NOT true? a. Factors of production are also k

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answerhappygod
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With regard to factors of production, which of the following statements is NOT true? a. Factors of production are also k

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With regard to factors of production, which of the followingstatements is NOT true?
a. Factors of production are also known as resources.
b. In order to produce any good or a service, it is necessary tohave factors of production.
c. Factors of production include land, labour, capital, andentrepreneurship.
d. Only those resources that are privately owned are counted asfactors of production
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