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Which factor of production is not a hired factor? - Economic Applications

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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

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 ______.


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.


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.


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.


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?


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