Advertisements
Advertisements
प्रश्न
Which of the following factors of production has a unique supply curve?
पर्याय
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.
shaalaa.com
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
APPEARS IN
संबंधित प्रश्न
How does land differ from other factors of production with respect to its supply?
Give reason or explain:
The supply of land is inelastic.
Students are asked to visit local farmers and to discuss the land and its characteristics. Collect some photographs of land and make an album.
The total quantity of land does not undergo any change.
Land is a ______ factor of production.
Explain any three factors affecting productivity of land.
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.
Land is heterogeneous in nature. Explain.