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Which amongst the following is NOT one of the four main factors of production?
Land
Labour
Expenditure
Entrepreneurship
- Land: This is a primary factor of production. It includes natural resources like minerals, water, and soil that are used in creating goods and services.
- Labour: Another vital factor, labour involves the human effort, both physical and intellectual, used in the production process.
- Expenditure: This is not one of the four main factors of production. It refers to the money spent on goods and services, not a factor itself.
- Entrepreneurship: This is the drive to develop new ideas and businesses, bringing together the other factors. It is crucial in generating economic growth.
By: santosh ProfileResourcesReport error
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