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Economics · May / June 2021 · Paper 11 · Question 1

2281Factors of production

Which statement about the factors of production is correct?

  1. ACapital is a financial resource and includes savings in banks.
  2. BEnterprise is limited in supply and includes office workers.
  3. CLabour is a human resource and includes pensioners and children.
  4. DLand is a natural resource and includes trees and fish.

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Correct answer: D. Land is a natural resource and includes trees and fish.

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