Question

select the correct answer.
which factor of production includes human - made resources used to produce a good or a service?
a. land
b. labor
c. capital
d. entrepreneurship

Explanation:

To solve this, we analyze each option:

• Option A (land): Refers to natural resources like land, minerals, etc., not human - made.
• Option B (labor): Involves human effort, skills, and time, not human - made resources.
• Option C (capital): By definition, capital in factors of production includes human - made resources such as machinery, tools, buildings, etc., which are used to produce goods or services.
• Option D (entrepreneurship): Is about the ability to organize other factors of production, not a human - made resource.

Answer:

C. capital