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Question
Tick the one which does not belong to the following group.
Options
Land
Interest
Labour
Entrepreneur
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Solution
Interest
Explanation:
- Land, Labour, and Entrepreneur are all factors of production in economics.
- Land refers to natural resources.
- Labour refers to human effort.
- Entrepreneur refers to the person who organizes and manages the other factors of production.
- Interest is not a factor of production; it is the return or payment made for the use of capital. Therefore, it does not belong to the group of factors of production listed.
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