Question

Great Britain became the site of the first real industrialization movement due to the nation having all the needed factors of production, which of these is NOT considered to be a factor of production?

Answer 1

Answer: See explanation

Explanation:

You didn't give the options but let me explain.

Factors of production are simply referred to as the inputs or the resources that are required in order to create goods and services. For a particular product to be produced, the factors of production will be used to produce such good.

There are four factors of production and they're:

1. Land

2. Labour

3. Capital

4. Enterprise or enterpreneur.