हिंदी

Choose the correct term for the given definition. 'An activity which creates an economic value'. - Economic Applications

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प्रश्न

Choose the correct term for the given definition. 'An activity which creates an economic value'.

विकल्प

  • Development

  • Consumption

  • Distribution

  • Production

MCQ

उत्तर

Production

Explanation:

Production refers to creating goods and services that have economic value. It involves transforming inputs such as labour, land, and capital into finished products that can be sold or consumed in the market.

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Meaning of Production Mechanism
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 1: Factors of Production - Exercise [पृष्ठ २६]

APPEARS IN

गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
अध्याय 1 Factors of Production
Exercise | Q 3. | पृष्ठ २६
गोयल ब्रदर्स प्रकाशन Economic Application [English] Class 10 ICSE
अध्याय 4 Factors of Production
QUESTIONS | Q 3. | पृष्ठ १०९
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