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प्रश्न
Which factor of production is not a hired factor?
विकल्प
Land
Labour
Capital
Entrepreneur
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उत्तर
Entrepreneur
Explanation:
The characteristic that sets entrepreneurs apart from other production factors is that, unlike land, labor, and capital, which are all hired factors, entrepreneurs themselves are not hired. Instead, entrepreneurs hire other factors of production.
संबंधित प्रश्न
Derived factors are ______ and ______.
What are the factors of production?
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| Factor of Production | Reward of factor of production | ||
| (i) | Land | (A) | Wage |
| (ii) | Labour | (B) | Profit |
| (iii) | Capital | (C) | Rent |
| (iv) | Entrepreneur | (D) | Interest |
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| 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:
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| 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:
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Which of the following is an example of "Land" as a factor of production?
What does "Labour" refer to in the context of production?
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