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A: Land
B: Labour
C: Capital
D: Product
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Explanation :
Four Factors of Production
- Land:
Land, as a component of production, has a broad definition and it may take many forms, varying from agricultural land to commercial real estate to the resources accessible from a specific piece of land.
- Labor
Labor refers to the effort expended by an individual to bring a product or service to the market.
- Capital:
Capital is a term used in economics to describe money that supports production processes by allowing entrepreneurs and business owners to acquire capital goods or land, as well as pay salaries.
- Entrepreneurship:
Entrepreneurship is the secret formula that brings all of the other aspects of production together to create a consumer product or service.
Final Answer:
The Correct option is D.
The first three alternatives are production factors, whereas the fourth option, Product, is not a primary production component.
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