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A.
capital
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B.
labour
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C.
exchange
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D.
entrepreneurship
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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