Factors of production are

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Land

Labour

Physical capital

All of the above

answer is D.

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Detailed Solution

The factors of production involve are land, labour, and physical capital.

Land- Land is the factor of production on which people carry out their production activities. It is the first requirement; without it, production cannot be done.

Labour- Labour is the people who will work on the land to produce goods and services. For example, To set up a factory, we need land, and to start operations, we need inputs like raw materials and workers who will work for the factory.

Physical capital is all inputs which are required for production at every stage. It is divided into two categories. Fixed capital and working capital.

Human capital is human ideas, knowledge and skills through which production is carried out effectively.

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