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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?
______ are called factors of production.
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Use of high yielding variety of seeds of related to productivity of ______.
Which factor of production is not a hired factor?
The reward of an entrepreneur is in the nature of ______.
Which of the following types of capital gets exhausted after its use and gets embodied in the finished product?
What do you mean by 'innovative ability' of an entrepreneur?
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Explain any three characteristics of capital.
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An active and passive factor of production.
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Match the following and select the correct option.
| Factor of Production | Reward of factor of production | ||
| (i) | Land | (A) | Wage |
| (ii) | Labour | (B) | Profit |
| (iii) | Capital | (C) | Rent |
| (iv) | Entrepreneur | (D) | Interest |
All factors of production are equally mobile.
Match the following:
| Column I | Column II |
| 1. Factors of production | P. Human resources |
| 2. Land | Q. Man-made resources |
| 3. Capital | R. Economic resources |
| 4. Entrepreneur | S. Natural resources |
Choose the correct alternative:
Match the following:
| Factor of Production | Characteristic |
| A. Land | (i) Subject to depreciation |
| B. Mannual labour | (ii) Risk and Bearing |
| C. Capital | (iii) Permanent |
| D. Entrepreneur | (iv) Involves physical work |
Choose the correct alternative:
Which of the following is an example of "Land" as a factor of production?
