Question

2. Which of the following is not considered as factors of production?

Answer 1

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⎇ There are four main factors of production :-

• Land
• Labour
• Capital
• Entrepreneurship

⎇ All other factors except the factors given above aren't considered as factor of productions.

Answer 2

C. Money is not considered as factors of production.

Factors of production:

The inputs used to manufacture a thing or services in order to generate income are referred to as factors of production.

Economists consider four production factors:

1. Land

2. Labour

3. Capital, and

4. Entrepreneurship.

These are the basic components of a business.

Why money is not considered as factors of production?

• Money is not considered as a production factor.
• Money means of trade and so cannot contribute to raising an economy's productivity such as other factors of production, which are Land, Labor, Capital, and Entrepreneurship.

Complete question:

Which of the following is not considered as factors of production?

A. Land

B. Labour

C. Money

D. Capital