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
______ are called factors of production.
Which of the following types of capital gets exhausted after its use and gets embodied in the finished product?
Explain complex division of labour with the help of an example.
Explain any three characteristics of capital.
What do you understand by the term 'Capital formation'?
What do you understand by ‘changing pattern of land use’?
Explain any three such changes causing destruction to the ecosystem.
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:
Why is capital called a 'produced means of Production?
Define production.
