Question

Which one of the following is a Stock Resource/factor of production?

• A. Labour
• B. Working Capital
• C. Entrepreneurship
• D. Land

Hint:

Resource Classification: Land = Stock (snapshot in time); Labor, Capital, Entrepreneurship = Flow (over a duration).

Answer 1

The Correct Option is D

Step 1: Use the snapshot test: a stock is measurable at one instant; a flow needs a time period.
Step 2: Labour, Working Capital and Entrepreneurship are all measured over a period, so they are flows.
Step 3: Land can be measured at a single instant (by area), so it is the stock resource, confirming option (4).