What would be included in the factor of production land?
Understand the Problem
The question is asking about the factors of production, specifically which of the given options would be classified under the factor of production known as 'land'. This requires knowledge about economic principles related to factors of production.
Answer
D: wheat
The final answer is D: wheat.
Answer for screen readers
The final answer is D: wheat.
More Information
The factor of production 'land' encompasses natural resources such as crops, minerals, and water. Wheat, being an agricultural product, is directly linked to land.
Tips
A common mistake is confusing 'land' with physical structures or manufactured goods, like buildings or processed food.
Sources
- 4 Factors of Production Explained With Examples - Investopedia - investopedia.com
- Factors of Production - Overview and Characteristics - corporatefinanceinstitute.com
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