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Question
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:
Options
A. (iv), B. (iii), C. (ii), D. (i)
A. (iii), B. (iv) C. (i), D. (ii)
A. (iii), B. (iv), C. (ii), D. (i)
A. (i), B. (ii), C. (iii), D. (iv)
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Solution
A. (iii), B. (iv) C. (i), D. (ii)
Explanation:
| Factor of Production | Characteristic |
| A. Land | (iii) Permanent |
| B. Mannual labour | (iv) Involves physical work |
| C. Capital | (i) Subject to depreciation |
| D. Entrepreneur | (ii) Risk and Bearing |
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