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Recap - Factors of Production Flashcards | StudBud
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Recap - Factors of Production
Recap - Factors of Production
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Questions
10
Answers
1
The supply of this factor fixed
Labour
Capital
Land
Entrepreneur
2
Expand COPRA
Consumer Protection Act
Customer Protection and Redressal Act
Consumer Protection and Redressal Act
Customer Protection Act
3
Capital formation is not an essential requirement
True
False
4
Agmark and ISI are grading certifications
True
False
5
Role of the PDS
Public distribution service
To provide food grains to all members
To store food grains
To provide food grains to the needy
6
Minerals, coal, iron and plants are examples of which productive resource?
Land
Entrepreneur
Capital
Labour
7
An active factor of production is:
None of these
Labour
Land
Capital
8
Land, labour, capital, and entrepreneurship are
Economics
Infrastructure
Resources
Factors of production
9
Individuals who are willing to take risks, bring the resources together, develop new products & start new businesses.
Services
Human resources
Entrepreneur
Resources
10
Labour cannot be separated from
Profit
Capital
Labourer
None
