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प्रश्न
Which of the following factors of production has a unique supply curve?
विकल्प
Land
Labour
Capital
Entrepreneur
MCQ
उत्तर
Land
Explanation:
- Land has a unique supply curve because its supply is perfectly inelastic. This means that the quantity of land is fixed and does not change regardless of the price. The supply curve for land is typically represented as a vertical line, indicating that no matter how much the price of land increases or decreases, the quantity of land available remains the same.
- The other factors of production, such as labour, capital, and entrepreneurship, have supply curves that are more responsive to changes in price or other economic conditions.
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संबंधित प्रश्न
Distinguish between the following.
Land and capital.
Answer the following question.
What are the peculiarities of land?
Define or explain the following concept:
Land
Fill in the blank with appropriate alternative given below
______________ is regarded as primary factor of production.
What are the characteristics of land?
Identify the correct statement from the following.
Land is an ______ factor of production.
The productivity of land is not affected by ______.
State two functions of land as a factor of production.
Explain the meaning of land as a factor of production.
