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Select all that applySelect all the choices that are factors of production.Multiple select question.LaborCapitalEntrepreneurshipLand (natural resources)Currency and coins

Question

Select all that applySelect all the choices that are factors of production.Multiple select question.LaborCapitalEntrepreneurshipLand (natural resources)Currency and coins

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Solution

Labor, Capital, Entrepreneurship, Land (natural resources) are all factors of production. Currency and coins, however, are not considered a factor of production. They are a medium of exchange used in the buying and selling of goods and services, but they do not directly contribute to the production of goods and services.

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