3 years ago

All of the following are considered factors of production except

1 answer:

8 0

Since a vacant piece of land can be used to produce goods and services, it is a factor of production.

Since the antique sewing machine is used to produce clothing, it is a factor of production.

Since Randy is using his labor as a mechanic, his time and effort are factors of production.

This means that all of the above are factors of production.

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