Neco 2025 Commerce Question 24

Practice objective / multiple choice question 24 from the 2025 Neco Commerce examination.

Neco 2025 Commerce Objective / Multiple Choice Easy Difficulty
Question 24 NECO • 2025 • COMMERCE • objective

Identify the three main types of economic resources (factors of production) and give one example for each.

Answer Options

A. Land - machinery; Labor - farmland; Capital - factory workers
Correct Answer B. Land - farmland; Labor - factory workers; Capital - machinery
C. Land - factory workers; Labor - patents; Capital - farmland
D. Land - factory workers; Labor - machinery; Capital - farmland
Correct Answer
B
Correct Option:
Land - farmland; Labor - factory workers; Capital - machinery

About This Question

This is Neco 2025 Commerce Question 24. It is one of the objective questions from the 2025 Neco Commerce examination.

Difficulty level: Easy .

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