Which of the following is NOT a factor of production ?1. Labour2. Land

1.	Which of the following is NOT a factor of production ?1. Labour2. Land3. Revenue generated after production4. Material inputs
Answer» Correct Answer - Option 3 : Revenue generated after production The correct answer is Revenue generated after production. According to economic theory, there are four main factors of production - land, labour, capital, and entrepreneurship. They are the inputs needed for supply. They produce all the goods and services in an economy. That's measured by gross domestic product. Land, labor, and capital as factors of production were originally identified by the early political economists such as Adam Smith, David Ricardo, and Karl Marx. From the given option Revenue generated after production is not a factor of production.

Which of the following is NOT a factor of production ?1. Labour2. Land3. Revenue generated after production4. Material inputs

Answer» Correct Answer - Option 3 : Revenue generated after production

The correct answer is Revenue generated after production.

According to economic theory, there are four main factors of production - land, labour, capital, and entrepreneurship.
They are the inputs needed for supply.
They produce all the goods and services in an economy. That's measured by gross domestic product.
Land, labor, and capital as factors of production were originally identified by the early political economists such as Adam Smith, David Ricardo, and Karl Marx.
From the given option Revenue generated after production is not a factor of production.

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Which of the following is NOT a factor of production ?1. Labour2. Land3. Revenue generated after production4. Material inputs

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