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WAEC - Commerce (2023 - No. 1)

Which of the following is not a factor of production?
Capital
Staffing
Labour
Land

ব্যাখ্যা

In economics, the four main factors of production are land, labor, capital, and entrepreneurship. Staffing is not considered a factor of production. It is rather a function of management that involves recruiting, selecting, training and developing employees.

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