A UK based food company wishes to diversify its product range. To finance this, it has obtained a $10m loan from a bank to buy land, build and equip a bakery.
What would not be classified by an economist as a factor of production?
the $10m loan used to finance the project
2 )
the land on which the bakery will be built
3 )
the ovens required to bake the bread
4 )
the soya used in the making of the bread
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