Advertisements
Advertisements
प्रश्न
Identify the factors of production of the following case and differentiate between them.
An active and passive factor of production.
उत्तर
Active production components, including labour and entrepreneurship, directly contribute to production. Passive variables such as land and capital play an indirect role in production.
APPEARS IN
संबंधित प्रश्न
Primary factors are
What are the factors of production?
What are the primary factors of production?
What are the derived factors of production?
Which factor of production is not a hired factor?
Mention two differences between an entrepreneur and other factors of production.
What do you mean by 'innovative ability' of an entrepreneur?
Explain any three factors which affect capital formation.
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:
