The term used to describe a production factor is labor.
So, option B. is correct.
Factors of production are economic terms that describe the inputs utilized in the production of goods and services in order to make a profit. Any resource required for the production of a good or service falls under this category.
Land, labor, capital, and entrepreneurship are the producing factors. So, the term used to describe a production factor is labor. Therefore, option B. is correct.
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