Which of the following is NOT one of the three factors of production?

The correct answer is that financial resources are not considered one of the three primary factors of production. The three main factors of production traditionally recognized in economics are human resources, capital resources, and natural resources.

Human resources refer to the labor force—this includes the skills and knowledge that people contribute to the production process. Capital resources consist of the tools, equipment, and buildings that are used in production. Natural resources encompass the raw materials obtained from the environment, such as land, water, and minerals.

Financial resources, while important for businesses to operate and invest in the other factors of production, are not classified as a factor of production themselves. They represent monetary assets used to purchase or facilitate the acquisition of the true production factors, but they do not contribute directly to the production process. Thus, identifying financial resources as something distinct from the core factors of production is essential for understanding the broader context of economic production.