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प्रश्न
Mention two differences between an entrepreneur and other factors of production.
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उत्तर
- Human capital engages other factors of production such as land, labor, and capital, but the entrepreneur is not engaged by other factors of production.
- The entrepreneur assembles all factors of production and puts forth a new business idea to generate profits, whereas other factors of production receive compensation for their productive services by contributing to the entrepreneur's idea.
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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.
Use of high yielding variety of seeds of related to productivity of ______.
Which factor of production is not a hired factor?
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?
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.
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.
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 |
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:
Define production.
What does "Labour" refer to in the context of production?
Who is called an "Entrepreneur" in the factors of production?
Why are all four factors (Land, Labour, Capital, Entrepreneurship) important?
