हिंदी

Mention two differences between an entrepreneur and other factors of production.

Advertisements
Advertisements

प्रश्न

Mention two differences between an entrepreneur and other factors of production.

टिप्पणी लिखिए
Advertisements

उत्तर

  1. Human capital engages other factors of production such as land, labor, and capital, but the entrepreneur is not engaged by other factors of production.
  2. The entrepreneur assembles all factors of production and puts forth a new business idea to generate profits, whereas other factors of production receive compensation for their productive services by contributing to the entrepreneur's idea.
shaalaa.com
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
2022-2023 (March) Official

संबंधित प्रश्न

Derived factors are ______ and ______.


What are the factors of production?


What are the primary factors of production?


______ are called factors of production.


The factors for production are ______, ______, ______.


Use of high yielding variety of seeds of related to productivity 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?


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'?


The Indian labour suffers from low efficiency. Explain your answer with three reasons for low efficiency of Indian labour.


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.


Name the factors of production.


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:


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?


Which of the following is an example of "Land" as a factor of production?


Who is called an "Entrepreneur" in the factors of production?


Why are all four factors (Land, Labour, Capital, Entrepreneurship) important?


Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×