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Labour is a/an ______ factor of production. - Economics

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Question

Labour is a/an ______ factor of production.

Options

  • Passive

  • Active

  • Limited

  • Direct

MCQ
Fill in the Blanks

Solution

Labour is a/an active factor of production.

Explanation:

  • Labour is considered an active factor of production because it involves human effort, skills, and creativity in the production process.
  • Unlike passive factors, such as land, labour actively contributes to creating goods and services through direct involvement.
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Chapter 1: Factors of Production - Exercise [Page 28]

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Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 1 Factors of Production
Exercise | Q 35. | Page 28
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