Timed and Graded Topical MCQ's
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- The four factors of production are: land, labour, capital and enterprise
- Land: Land refers to all the natural resources
- Labour: Labour refers to all the physical and the mental efforts of workers. For example, a teacher
- Capital: Capital refers to all the man-made goods used in the production for example: Machinery
- Enterprise: Enterprise refers to the risk bearing and the decision-making function. For example, An entrepreneur
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