With regard to factors of production, which of the following statements is NOT true? a. Factors of production are also k
Posted: Wed Jul 06, 2022 6:24 pm
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
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