"The four factors of production are needed in an efficient market to provide goods and services at an affordable price a

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"The four factors of production are needed in an efficientmarket to provide goods and services at an affordable price at theright time, place and mix,"... "Missing the calibration of thesefactors can be disastrous for the supplier and consumer." Thesupplier may face higher costs of production, forcing them tocharge a higher price to the consumer or risk going out ofbusiness.
Source:https://money.usnews.com/investing/inve ... production
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.