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प्रश्न
Define production.
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उत्तर
Production means creation of 'material goods' only. For example, if a farmer is growing wheat, we will say the farmer is producing wheat. Likewise, if a carpenter is making a table, it will be said that the carpenter is producing table. Adam Smith, 'the Father of Economics', has defined production in this sense. According to him, "Production means production of material goods only."
संबंधित प्रश्न
Primary factors are
Derived factors are ______ and ______.
What are the factors of production?
Entrepreneurship is otherwise called ______.
What are the primary factors of production?
What are the derived factors of production?
______ are called factors of production.
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Mention two differences between an entrepreneur and other factors of production.
What do you mean by 'innovative ability' of an entrepreneur?
Explain complex division of labour with the help of an example.
Define capital.
Explain any three characteristics of capital.
What do you understand by the term 'Capital formation'?
Explain any three factors which affect capital formation.
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Explain any three such changes causing destruction to the ecosystem.
Identify the factors of production of the following case and differentiate between them.
An active and passive factor of production.
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Name the factors of production.
Tick the one which does not belong to the following group.
All factors of production are equally mobile.
Why is capital called a 'produced means of Production?
Which of the following is an example of "Land" as a factor of production?
What does "Labour" refer to in the context of production?
Why are all four factors (Land, Labour, Capital, Entrepreneurship) important?
