Praxis II Citizenship

Answer: B - The government is not one of the four factors of production. Entrepreneurship is the fourth factor of production; it represents the actions of the entrepreneur, the individual who invests in the production (or facilitates investment), markets and sells the product, takes all the risks, and receives all the rewards. Land represents all of the natural resources that go in to the production; capital is the equipment and technology used to produce the good; labor is the human effort or work needed to create the product.