Which of the following is a factor of production that includes natural resources such as bauxite deposits in Jamaica and fertile agricultural land in Guyana?

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Question

Which of the following is a factor of production that includes natural resources such as bauxite deposits in Jamaica and fertile agricultural land in Guyana?

Accepted Answer

Land — Award 1 mark for recognising that land as a factor of production includes all natural resources such as minerals, forests, water, and soil. A is incorrect — labour refers to human effort. B is incorrect — capital refers to man-made resources used in production. D is incorrect — enterprise refers to the organising and risk-taking function.

Answer

Enterprise

Answer

Labour

Answer

Capital

Answer

Land

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