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Which of these factors of production is called produced means of production? - Economic Applications

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प्रश्न

Which of these factors of production is called produced means of production?

विकल्प

  • Land

  • Labour

  • Capital

  • Entrepreneur

MCQ

उत्तर

Capital

Explanation:

Capital is referred to as the "produced means of production" because it includes tools, machinery, equipment, and buildings created by human effort and used in producing goods and services. Unlike land and labour, which are natural and human resources, respectively, capital is a man-made resource that facilitates further production.

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अध्याय 4: Factors of Production - QUESTIONS [पृष्ठ ११२]

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गोयल ब्रदर्स प्रकाशन Economic Application [English] Class 10 ICSE
अध्याय 4 Factors of Production
QUESTIONS | Q 44. | पृष्ठ ११२
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