Advertisements
Advertisements
Question
Why is capital called a 'produced means of Production?
Advertisements
Solution
Capital is a produced means of Production. Capital is created by man. Its supply can be increased or decreased by the efforts of man.
APPEARS IN
RELATED QUESTIONS
Primary factors are
Derived factors are ______ and ______.
What are the factors of production?
Entrepreneurship is otherwise called ______.
What are the primary factors of production?
What are the derived factors of production?
______ are called factors of production.
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 any three characteristics of capital.
Explain any three factors which affect capital formation.
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?
Name the factors of production.
Tick the one which does not belong to the following group.
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:
Define 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?
Who is called an "Entrepreneur" in the factors of production?
Why are all four factors (Land, Labour, Capital, Entrepreneurship) important?
