The set that fully represents factors of production is: "Land, labour, capital, enterprise, technology".
This set includes all the factors that are necessary to produce goods and services.
- Land refers to natural resources such as soil, minerals, and water that are used in the production process.
- Labour refers to the human effort that is used in the production process.
- Capital includes all man-made goods that are used to produce other goods and services, such as machinery, tools, and buildings.
- Enterprise refers to the management and organization of resources to produce goods and services.
- Technology refers to the knowledge and techniques used in the production process.
The other sets listed do not fully represent all the factors of production.
- Sunlight, machinery, man, land: This set includes land and machinery (capital), but it does not include labour, enterprise, or technology.
- Land, water, weather: This set includes land and water, which are natural resources, but it does not include labour, capital, enterprise, or technology.
- Money, market, middlemen: This set includes financial resources, markets, and intermediaries, but it does not include any of the other factors of production.