Please select a subject first
Advertisements
Advertisements
Point out two factors that lead to increase in supply.
Concept: undefined >> undefined
Mention two factors which cause decrease in supply.
Concept: undefined >> undefined
Advertisements
What are the factors on which the supply of a commodity depends? Discuss them briefly.
Concept: undefined >> undefined
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 |
Concept: undefined >> undefined
Tick the one which does not belong to the following group.
Concept: undefined >> undefined
All factors of production are equally mobile.
Concept: undefined >> undefined
The Income of an entrepreneur is ______.
Concept: undefined >> undefined
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:
Concept: undefined >> undefined
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:
Concept: undefined >> undefined
An entrepreneur can use either capital or labour in the production process. Out of the options A, B, C and D given below, which two would the entrepreneur choose if he had to replace labour with capital? Justify your answer.
Concept: undefined >> undefined
Why is capital called a 'produced means of Production?
Concept: undefined >> undefined
Differentiate between an entrepreneur and labour on the basis of:
- Nature of work
- Nature of risk involved
Concept: undefined >> undefined
What is the difference between a labourer and an entrepreneur?
Concept: undefined >> undefined
Identify the factors of production of the following case and differentiate between them.
Human factor of production with and without innovative capacity.
Concept: undefined >> undefined
What do you mean by productivity of Land?
Concept: undefined >> undefined
How would the following effect the productivity of Land?
- Location
- Investment on Land
- Security of Tenancy
Concept: undefined >> undefined
Which of these features of capital as a factor of production makes it different from other factors of production?
Concept: undefined >> undefined
Which of the following will affect the productivity of land adversely?
Concept: undefined >> undefined
Which of the following statements is NOT a necessary condition for the division of labour?
Concept: undefined >> undefined
