Which of the following would not be viewed by economists as a factor of production?


The chemistry laboratories at Stellenbosch University


A skilled bricklayer


An unskilled labourer


The wages earned by a skilled bricklayer


A sugar-cane plantation in northern KwaZulu-Natal

1 answer

In the context of economics, factors of production typically include land, labor, capital, and entrepreneurship. The following items you provided can be categorized as factors of production:

  • The chemistry laboratories at Stellenbosch University (capital)
  • A skilled bricklayer (labor)
  • An unskilled laborer (labor)
  • A sugar-cane plantation in northern KwaZulu-Natal (land)

However, the wages earned by a skilled bricklayer do not constitute a factor of production. Instead, wages are a form of income earned by labor as a return for their services.

Therefore, the correct answer is:

The wages earned by a skilled bricklayer.