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प्रश्न
Explain any three characteristics of capital.
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उत्तर
The characteristics of capital are as follows:
- Capital is the Result of Past Labour - Capital is a produced factor of production. When human efforts are combined with natural resources with the objective of developing producer goods like tools, machinery, etc., then the emergence of capital takes place.
- Capital is Result of Savings - Capital is man-made and is born out of savings done by man. Its supply is increased or diminished by the efforts of man. Thus, capital is a manmade factor of production.
- Capital not an Indispensable Factor - Capital is not an indispensable factor of production. Production can be possible even without capital, whereas, land and labour are the original and indispensable factors of production.
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संबंधित प्रश्न
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Name the factors of production.
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:
Why is capital called a 'produced means of Production?
Define production.
What does "Labour" refer to in the context of production?
Which statement best represents "Capital" in production?
Why are all four factors (Land, Labour, Capital, Entrepreneurship) important?
