Which one of the following statements is incorrect? a. Labour also refers to the services of those who follow professions. b. When we refer to capital, we refer to money. c. Natural resources are the raw materials in the production pro

The incorrect statement is: b. When we refer to capital, we refer to money. While capital can include money, in economics, it more broadly refers to the assets and resources used in the production of goods and services, such as tools, machinery, and technology, rather than just financial resources.