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Labour is the only ______ factor of production. - Economics

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Question

Labour is the only ______ factor of production.

Options

  • Active

  • Passive

  • Temporary

  • Immobile

MCQ
Fill in the Blanks

Solution

Labour is the only active factor of production.

Explanation:

  • Labour is the only active factor of production because it involves human effort, skills, and decision-making that actively contribute to the production process.
  • Other factors, like land and capital, are passive and require labour to utilize them effectively.
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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 43. | Page 28
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