Economics 2281 · O Level · The factors of production

The factors of production — practice question

The management of an airline chose to replace its aeroplanes with aircraft that were more technologically advanced. At the same time, the company retrained its pilots. Which factors of production have been improved by the airline?

  • Acapital and labour
  • Bcapital and land
  • Clabour and enterprise
  • Dland and enterprise

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