हिंदी

Which factor of production is not a hired factor?

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प्रश्न

Which factor of production is not a hired factor?

विकल्प

  • Land

  • Labour

  • Capital

  • Entrepreneur

MCQ
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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.

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अध्याय 4: Factors of Production - QUESTIONS [पृष्ठ ११२]

APPEARS IN

गोयल ब्रदर्स प्रकाशन Economic Applications [English] Class 10 ICSE
अध्याय 4 Factors of Production
QUESTIONS | Q 54. | पृष्ठ ११२

संबंधित प्रश्न

Primary factors are


Entrepreneurship is otherwise called ______.


What are the primary factors of production?


What are the derived factors of production?


______ are called factors of production.


The factors for production are ______, ______, ______.


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.


Define 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.


What do you understand by ‘changing pattern of land use’? 


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?


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

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?


Define production.


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