Correct Answer: Option C

Explanation

• Land (which includes land itself as well as other natural resources and phenomena — water, forests, fossil fuels, weather, etc.),
• Labor (the human work necessary to produce and deliver goods), and.
• Capital (manmade goods used to produce other goods — factories, machinery, highways, electrical grid, etc.).
• Entrepreneur is th eorganizer of the other factors of production. without the entrepreneur, there wont be production

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