Question

In short-term, variable factor of production is :
(a) labour
(b) entreprise
(c) capital and technology
(d) land

Answer 1

• Labour

• also raw materials energy directly include in production

• May this answer help you

Answer 2

The variable factor of production is labor.

What are the factors of production?

Land:

• The land is used by farmers for agricultural purposes
• It is used to extract natural resources like oil, copper, gold, etc.
• It is used for commercial purposes for production

Labor:

• Laborers are required in the industries to supply goods to market
• Skilled labors and unskilled labors both are required in the production
• The laborers paid a salary for their work depending upon the production

Capital:

• The wages of laborers are depended upon the capital
• The vehicle used in transportation are also dependent upon capital