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प्रश्न
All factors of production are equally mobile.
पर्याय
True
False
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उत्तर
This statement is False.
Explanation:
Factors of production are not equally mobile. Mobility refers to the ease with which a factor of production can move from one use to another or from one location to another.
- Labour and capital can be relatively mobile, especially within certain industries or regions, but factors like skill requirements, regulations, or physical constraints can still limit their mobility.
- Land is generally immobile because it cannot be moved from one location to another.
- Entrepreneurs may have more mobility, but market conditions, legal environments, and personal circumstances still influence them.
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संबंधित प्रश्न
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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.
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:
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?
