Advertisements
Advertisements
Question
What are the factors of production?
One Line Answer
Advertisements
Solution
Factors of production are Land, Labour, Captial, Organization.
shaalaa.com
Is there an error in this question or solution?
APPEARS IN
RELATED QUESTIONS
Derived factors are ______ and ______.
What do you mean by 'innovative ability' of an entrepreneur?
The Indian labour suffers from low efficiency. Explain your answer with three reasons for low efficiency of Indian labour.
What do you understand by ‘changing pattern of land use’?
Explain any three such changes causing destruction to the ecosystem.
Which of the following is not a correct match?
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 |
All factors of production are equally mobile.
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:
Define production.
