Which of the following is not a factor of production?

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

Correct Answer: Option C

C. exchange

Explanation

• Land (which includes land itself as well as other natural resources and phenomena — water, forests, fossil fuels, weather, etc.),
• Labour (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 the organizer of the other factors of production. without the entrepreneur, there won’t be production