The correct answer would be, Land.
Wood and Real Estate are both classified as Land in the factors of production.
Explanation:
Factors of production are basically the resources that a company has to produce a good or service. There are four basic factors of production. These are:
- Land
- Labor
- Capital
- Entrepreneurship
Real Estate is the property which can be in the form of Office Building, Factories, Plants, etc, and can be clearly classified as in the Land factor of production.
Wood is also categorized in the Land factor of production, because anything on land that comes from the ground is considered the part of the land. Wood, timber, gold, Silver, anything coming from the land is classified in the Land Production factor.
Learn more about Factors of Production at:
https://brainly.com/question/4335697
#LearnWithBrainly
