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State Whether the Following Statement is True and False. Capital is a Natural Factor of Production. - Economics

MCQ
True or False

State whether the following statement is TRUE and FALSE.

Capital is a natural factor of production.

Options

  • True

  • False

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Solution

Capital is a natural factor of production. – False

Explanation:
The above statement is incorrect. Capital includes money invested in the business, machinery and tools which are produced and invested in by the human beings. Unlike land, capital is not a natural factor of production. It is not a gift of nature. Rather, it is a man-made factor of production. Thus, capital is regarded as an artificial factor of production.

Concept: Factors of Production - Feature of Capital
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APPEARS IN

Micheal Vaz Economics HSC 12th Standard Maharashtra State Board
Chapter 7 Factors of Production
Exercise | Q 3.4 | Page 60
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