Question

Fill in the blank with appropriate alternative given below

______________ is regarded as primary factor of production.

Options

• Land

• Labour

• Capital

• Entrepreneur

Answer 1

Land is regarded as primary factor of production.

Explanation:
Land is regarded as a primary factor of production as it is used in every kind of production. It facilitates production and does not change itself in the process. Thus, it acts as a base in the production process.