which is a factor of production

a. land
b. capital
c. all of the above
c

yes

The correct answer is c. all of the above.

To understand why, let's first understand what factors of production are. Factors of production are the resources required to produce goods and services. They are categorized into four main types: land, labor, capital, and entrepreneurship.

a. Land: Land refers to all the natural resources used in production. This includes things like forests, minerals, water, and any other resources that are provided by nature.

b. Capital: Capital refers to the man-made resources used in production. It includes buildings, machinery, tools, equipment, and any other physical assets that are used to create goods and services.

c. All of the above: Since land and capital are both types of factors of production, it is correct to say that all of the above options (a. land and b. capital) are factors of production.

So, in summary, land and capital are both factors of production, along with labor and entrepreneurship. All four factors are essential for producing goods and services.