A: Land

B: Labour

C: Capital

D: Product

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Explanation :

Four Factors of Production

  1. 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.

  1. Labor

Labor refers to the effort expended by an individual to bring a product or service to the market.

  1. 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.

  1. 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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