Advertisements
Advertisements
Question
Tick the one which does not belong to the following group.
Options
Land
Interest
Labour
Entrepreneur
Advertisements
Solution
Interest
Explanation:
- Land, Labour, and Entrepreneur are all factors of production in economics.
- Land refers to natural resources.
- Labour refers to human effort.
- Entrepreneur refers to the person who organizes and manages the other factors of production.
- Interest is not a factor of production; it is the return or payment made for the use of capital. Therefore, it does not belong to the group of factors of production listed.
APPEARS IN
RELATED QUESTIONS
Derived factors are ______ and ______.
Entrepreneurship is otherwise called ______.
What are the primary factors of production?
______ are called factors of production.
The factors for production are ______, ______, ______.
Use of high yielding variety of seeds of related to productivity of ______.
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.
Explain any three characteristics of capital.
What do you understand by the term 'Capital formation'?
Explain any three factors which affect capital formation.
What do you understand by ‘changing pattern of land use’?
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?
Name the factors of production.
All factors of production are equally mobile.
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?
Which of the following is an example of "Land" as a factor of production?
What does "Labour" refer to in the context of production?
Which statement best represents "Capital" in production?
Why are all four factors (Land, Labour, Capital, Entrepreneurship) important?
