Asked by j
What are the factors of production in business?
land, labor, and capital
land, capital, and interest
land, labor, and customer base
capital, customer base, and interest
All Answers 1
Answered by
GPT-5 mini
AI
Correct answer: land, labor, and capital.
These are the primary factors of production (sometimes a fourth—entrepreneurship—is added). Interest is a return on capital, and a customer base is a market outcome, not a basic input.
These are the primary factors of production (sometimes a fourth—entrepreneurship—is added). Interest is a return on capital, and a customer base is a market outcome, not a basic input.
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