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What do you understand by the term 'Capital formation'? - Economic Applications

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प्रश्न

What do you understand by the term 'Capital formation'?

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उत्तर

  1. Capital formation is a crucial aspect of economic development, representing the creation of capital.
  2. In simple terms, it involves making and increasing capital goods like machines, tools, factories, and buildings, essential for producing more goods.
  3. Importantly, capital formation does not signify an increase in monetary capital; rather, it refers to the growth of physical capital, including machinery, factories, transport equipment, infrastructure like bridges, power projects, dams, and irrigation systems.
  4. In essence, capital formation implies the creation of tangible, real assets, playing a vital role in fostering economic development.
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अध्याय 4: Factors of Production - QUESTIONS [पृष्ठ ११७]

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गोयल ब्रदर्स प्रकाशन Economic Applications [English] Class 10 ICSE
अध्याय 4 Factors of Production
QUESTIONS | Q 20. (a) | पृष्ठ ११७

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.


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?


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


What do you mean by 'innovative ability' of an entrepreneur?


Explain any three characteristics of capital.


Explain any three factors which affect capital formation.


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


Explain any three such changes causing destruction to the ecosystem.


Which of the following is not a correct match?


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

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:


Why is capital called a 'produced means of Production?


Define 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?


Which statement best represents "Capital" in production?


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


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


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