Which of the following is not a factor of production?
a. land
b. capital
c. goods and services
d. labor?

the definition of a small business is an independently owned and operated company that is limited in size and in revenue depending on the industry. a local bakery that employs 10 people is an example of a small business. a manufacturing facility that employees less than 500 people is an example of a small business.

answernaturalistic observation;