Which of the following is NOT regarded a

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Target Exam

CUET

Subject

Business Studies

Chapter

Entrepreneurship Development

Question:

Which of the following is NOT regarded as one of the major factors of production?

Options:

Entrepreneurship

Raw materials

labour

Both 1 and 2

Correct Answer:

Raw materials

Explanation:

The correct answer is option 2- Raw materials.

Entrepreneurship is regarded as one of the four major factors of production, the other three being land, labour and capital.