Which of the following is a factor of production:

see full answer

Talk to JEE/NEET 2025 Toppers - Learn What Actually Works!

Real Strategies. Real People. Real Success Stories - Just 1 call away

An Intiative by Sri Chaitanya

Land

Labour

Capital

All of these

answer is D.

(Unlock A.I Detailed Solution for FREE)

Ready to Test Your Skills?

Check your Performance Today with our Free Mock Test used by Toppers!

Take Free Test

Detailed Solution

Factors of production include land, labour, and capital.
Economists distinguish the four production elements: land, labour, capital, and entrepreneurialism. Land resources are the primary raw materials used in industrial processes. Any natural resource utilized to create products and services is considered part of the land concept. Individuals' effort to produce products and services is referred to as labour. Consider capital as the equipment, tools, and structures people employ to generate commodities and services. An entrepreneur is a person who uses capital, labour, and other production elements in combination to turn a profit.

Watch 3-min video & get full concept clarity

Result Producing online coaching for JEE/NEET of south India

Largest All India Test Series for JEE/NEET

Best Books for IIT JEE

Best Books for NEET

How to Join IIT after 10th