Accounting Multiple Choice Question – 28 June 2025

Which of the following would be regarded by economists as a factor of production?

Select ONE answer:

1. Demand
2. Enterprise
3. Supply
4. Innovation

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 2

1. Not correct
2. Correct == > Enterprise is one of the four factors of production, along with labour (including management), land and capital.
3. Not correct
4. Not correct

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