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Explain the Following Concepts Or Give Definitions. Land - Economics

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प्रश्न

 Explain the following concepts or give definitions.

 Land  

टिप्पणी लिखिए

उत्तर

In economics, land does not merely imply soil. In fact, it broadly refers to all natural resources, flora and fauna, earth, buildings, avenues, air, water, minerals etc. The owner of the land (the landlord) receives rent in exchange for his contribution to the production process.

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2009-2010 (October)

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संबंधित प्रश्न

Define the term labour as a factor of production.


Mention two ways by which efficiency of labour can be improved.


Discuss any three advantages of the division of labour.


Mention two ways by which producers benefit from the division of labour.


Explain three causes of low efficiency of labour in India.


Mention two factors that determine the supply of labour.


 Define or explain the concept Labour.


State with reason whether you agree or disagree with the following statements. (any Three) 

There are many feature of labour. 


Answer the following question.
What are the features of labour?


State whether the following statement is TRUE and FALSE.

Demand for labour is direct demand.


State any two factors that determine the Division of labour.


Which of the following is considered as labour in economics? Give a reason to support your answer.

  1. A professor working in a college.
  2. A social worker serving in an orphanage.

______ is the human input into the production process.


Define: Labour


Define the division of labour.


The Theory of Moral Sentiments was written by ______.


Mention the characteristics of Labour.


______ cannot be separate for the labourer.


How is labour defined in economics?


If a labourer does not work for a day, his one day 's work will be lost forever.

It implies:


Define labour as a factor of production.


Which factor out of the following serves as the primary source of consumption?


Indian farmers are an example of ______ type of labour.


Justify the following in brief:

Division of labour encourages large-scale production.


When the same work is done by two or more persons it is called ______.


The productive capacity of a worker is called as ______.


Efficiency of labour is low in India due to ______.


The demand for labour is ______.


Labour is a/an ______ factor of production.


______ of labour is related to division of labour.


Labourers get ______ for the task they perform, whereas entrepreneurs hope to get ______ for the risk they take in a business.


Labour earns ______ as a factor of production.


The concentration of cotton textile industries in Maharashtra and Gujarat are due to ______ based division of labour.


What kind of division of labour do we see in the automobile industry?


Division of labour is not an unmixed blessing. Give one reason.


State two differences between labour services provided by a surgeon and a farmer.


Explain briefly the meaning of efficiency of labour.


With respect to division of labour, state the following:

An example of horizontal division of labour.


With respect to division of labour, state the following:

Two advantages to the producers.


With respect to division of labour, state the following:

Two disadvantages to the workers.


Which of the following is not considered labour in economics?


Observe the relationship of the first pair of words and complete the second pair.

Chartered Accountant : Skilled labour

Welder ______.


Complete division of labour cannot be implemented for ______.


Explain the following characteristic of labour:

Labour cannot be separated from the labourer.


Explain three ways by which division of labour is beneficial to producers.


Name two industries where division of labour is possible.


Give the different forms of division of labour.


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