Which is considered a factor of production?Multiple Choicemoney in a checking accounta firm's common stockS.A savings bondsan auto plant
Question
Which is considered a factor of production?Multiple Choicemoney in a checking accounta firm's common stockS.A savings bondsan auto plant
Solution
An auto plant is considered a factor of production. Factors of production refer to the inputs used in the production of goods or services in the attempt to make an economic profit. These include land, labor, capital, and entrepreneurship. An auto plant falls under the category of capital as it is a man-made resource used in the production of goods.
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