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प्रश्न
Define production.
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उत्तर
Production means creation of 'material goods' only. For example, if a farmer is growing wheat, we will say the farmer is producing wheat. Likewise, if a carpenter is making a table, it will be said that the carpenter is producing table. Adam Smith, 'the Father of Economics', has defined production in this sense. According to him, "Production means production of material goods only."
संबंधित प्रश्न
Primary factors are
Derived factors are ______ and ______.
What are the factors of production?
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 factor of production is not a hired factor?
Which of the following types of capital gets exhausted after its use and gets embodied in the finished product?
What do you mean by 'innovative ability' of an entrepreneur?
Explain complex division of labour with the help of an example.
Define capital.
What do you understand by the term 'Capital formation'?
Explain any three such changes causing destruction to the ecosystem.
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:
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?
