Which of the following factors or resources make it possible to produce goods and services?

CA Foundation · Business Economics · PYQS · September 2025
Which of the following factors or resources make it possible to produce goods and services?
(A) A. Land, Labour, Industrial policy and Capital
(B) B. Land, Labour, Fiscal policy and Capital
(C) C. Land, Labour, Capital and Entrepreneurial ability
(D) D. Land, Labour, Technology and Capital

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Land, Labour, Capital and Entrepreneurial ability

Topics: Theory of Production and Cost

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