3 Questions
Which factor of production refers to the physical space and natural resources used in production?
Land
Which factor of production represents the human effort, both physical and mental, used in the production of goods and services?
Labor
Which factor of production encompasses the tools, machinery, and infrastructure used in the production process?
Capital
Test your knowledge of economics with this quiz on the factors of production. Explore the concepts of land, labor, capital, and entrepreneurship, and understand their roles in the production of goods and services.
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