MCQ

Which is the most important factor of production?

  • A
    Land.
  • B
    Labour.
  • C
    Human capital.
  • D
    Physical capital.

Answer

  1. Human capital.

Explanation:

Human capital is the most important factor of production because you will need knowledge and enterprise to be able to put together land, labour and physical capital to produce an output either to use yourself or sell in the market.

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