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Find the odd word out: Factors of production Profit, Labour, Capital, Entrepreneur - Economics

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Question

Find the odd word out:

Factors of production

Options

  • Profit

  • Labour

  • Capital

  • Entrepreneur

MCQ
One Word/Term Answer
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Solution

Profit

Explanation:

  • Labour, Capital, and Entrepreneur are all factors of production.
  • Profit is not a factor of production; it is the reward for the entrepreneur (i.e., the income the entrepreneur earns).
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