Advertisements
Advertisements
Question
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 |
Options
(i) C, (ii) A, (iii) B, (iv) D
(i) A, (ii) C, (iii) D, (iv) B
(i) C, (ii) A, (iii) D, (iv) B
(i) A, (ii) C, (iii) B, (iv) D
Advertisements
Solution
(i) C, (ii) A, (iii) D, (iv) B
| Factor of Production | Reward of factor of production | ||
| (i) | Land | (C) | Rent |
| (ii) | Labour | (A) | Wage |
| (iii) | Capital | (D) | Interest |
| (iv) | Entrepreneur | (B) | Profit |
APPEARS IN
RELATED QUESTIONS
Primary factors are
Derived factors are ______ and ______.
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?
Mention two differences between an entrepreneur and other factors of production.
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 characteristics of capital.
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.
Which of the following is not a correct match?
Tick the one which does not belong to the following group.
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:
Why is capital called a 'produced means of Production?
Define production.
Which of the following is an example of "Land" as a factor 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?
