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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
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?
The factors for production are ______, ______, ______.
Use of high yielding variety of seeds of related to productivity of ______.
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?
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.
What do you understand by the term 'Capital formation'?
Explain any three factors which affect capital formation.
What do you understand by ‘changing pattern of land use’?
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.
Which of the following is not a correct match?
Tick the one which does not belong to the following group.
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:
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?
