Which of the following is NOT considered a factor of production?

Finance is not considered a factor of production in the traditional economic sense. The classical factors of production are land, labor, and capital.

Land refers to natural resources used to produce goods, such as minerals, forests, and farmland. Labor includes the human effort, skills, and time required to produce goods and services. Capital involves the equipment, buildings, and tools needed for production.

Finance, while essential for acquiring the other factors of production or facilitating production, is not a tangible resource used in the production process itself. It serves as the means to allocate resources, but it does not produce goods or services directly. This distinction clarifies why finance is categorized differently from the fundamental factors of production.