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Fill in the Blank with Appropriate Alternative Given Below Capital is a __________ Factor of Production. - Economics

MCQ

Fill in the blank with appropriate alternative given below

Capital is a __________ factor of production.

Options

  • real

  • artificial

  • natural

  • free

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Solution

Capital is a artificial factor of production.

Explanation:
Capital includes all the capital goods or assets used in production. Since capital is not a gift of nature, and is a man made factor of production, it is regarded as an artificial factor of production.

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APPEARS IN

Micheal Vaz Economics HSC 12th Standard Maharashtra State Board
Chapter 7 Factors of Production
Exercise | Q 1.3 | Page 60
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