Question

Match the following:

Factor of Production	Characteristic
1. Higher standard of living	P. Increase in labour productivity
2. Removal of income inequality	Q. Higher per capita income
3. Capital formation	R. Impose higher income tax on the rich people
4. Creation of healthy working conditions	S. Growth in terms of factories, roads, machinery etc.

Options

• 1 - P, 2 - Q, 3 - R, 4 - S

• 1 - S, 2 - R, 3 - Q, 4 - P

• 1 - R, 2 - Q, 3 - S, 4 - P

• 1 - Q, 2 - R, 3 - S, 4 - P

Answer 1

1 - Q, 2 - R, 3 - S, 4 - P

Explanation:

Factor of Production	Characteristic
1. Higher standard of living	Q. Higher per capita income
2. Removal of income inequality	R. Impose higher income tax on the rich people
3. Capital formation	S. Growth in terms of factories, roads, machinery etc.
4. Creation of healthy working conditions	P. Increase in labour productivity