Which of the following is regarded as on

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Target Exam

CUET

Subject

Business Studies

Chapter

Entrepreneurship Development

Question:

Which of the following is regarded as one of the major factors of production?

Options:

Entrepreneurship

Labour

Both 1 and 2

None of the above

Correct Answer:

Both 1 and 2

Explanation:

The correct answer is option 3- Both 1 and 2.

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