The correct answer is (a) money. Money facilitates the production process.
In traditional factors of production models, the resources required to produce an item are known as "land." When it comes to computers, resources are materials such as microchips, metals, plastic casing and other components.
There are four factors of production—land, labor, capital, and entrepreneurship.
CapitalCapital as a Factor of Production Other examples of capital goods include computers, machines, properties, equipment, and commercial buildings. They are all considered to be capital goods because they are used in a production process and contribute to the productivity of work.
In economics, factors of production are the resources people use to produce goods and services; they are the building blocks of the economy. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.
According to economic theory, there are four main factors of production - land, labour, capital, and entrepreneurship. In the given options, first three are the factors of production while the fourth option of Product is not the main factor of production.
The correct answer is Working capital.
Q. Which among the following is a factor of production? Notes: The factor of production are Land, Labour, Capital , Entrepreneurship.
Factors of production are inputs that are needed to provide goods or services. They include, land, labor, capital, and entrepreneurship.
Land. This refers to all the natural resources that are available to be used in the production of goods. These natural resources includes raw materials from the ground, non-renewable resources such as petroleum and renewable resources such as timber.
avantikar. The option D is correct. Goods and services are not a factor of production. Further Explanation: The factor of production is defined as the factors that are necessary to manufacture the goods and services. The factor of production is important for producing the goods.