A UK-based food company plans to broaden its product range. To fund this, it has secured a $10m loan from a bank to purchase land, construct and equip a bakery. Which of the following would not be regarded by an economist as a factor of production?
- Athe $10m loan used to finance the project
- Bthe land on which the bakery will be built
- Cthe ovens required to bake the bread
- Dthe soya used in the making of the bread