Which of the following is NOT a factor of production?

In economics, the factors of production are essential resources used in the creation of goods and services. The classic categories include land, labor, capital, and sometimes entrepreneurship.

Land refers to natural resources used in the production process, such as minerals, forests, and agricultural fields. Labor is the effort exerted by people in the production of goods and services. Capital involves the machinery, tools, and buildings that are used to produce goods and services. These three elements are foundational to the production process.

Marketing, however, is not classified as a factor of production. While marketing is a critical function in business for promoting and selling products, it is not a resource that contributes directly to the physical creation of goods and services. Instead, marketing involves activities and strategies that enhance the visibility and appeal of a business’s offerings in the marketplace.

Thus, the choice related to marketing being not a factor of production aligns with the fundamental definition of production elements in economics.