Question

What are the four factors of production?

विकल्प

• Land, Labour, Capital, Income

• Land, Labour, Capital, and Entrepreneurship

• Choice, Growth, Opportunity cost, Land

• Allocation of Resources, Utilisation, Opportunity Cost, Capital

Answer 1

Land, Labour, Capital, and Entrepreneurship

Explanation:

Land, labour, capital, and entrepreneurship are the four components of production, which are defined as goods and services required to carry out production. In accordance with demand, they are only accessible in limited quantities.