The four factors of production are - (1) land, labour, capital, organisation, (2) land, electricity, water, labour (3) labour, capital, land, rainfall, (4) labour, climate, land, tools,

The four factors of production are - (1) land, labour, capital, organisation, (2) land, electricity, water, labour (3) labour, capital, land, rainfall, (4) labour, climate, land, tools,
by

1 Answer

Answer :

(1) land, labour, capital, organisation, Explanation: Factors of Production is an economic term to describe the inputs that are used in the production of goods or services in the attempt to make an economic profit. Resources required for generation of goods or services, generally classified into four major groups: (i) Land (including all natural resources), (ii) Labor (including all human resources), (iii) Capital (including all man-made resources), and (iv) Enterprise (which brings all the previous resources together for production).
by
selected

Related questions

The four factors of production are (1) land, labour, capital, organisation, (2) land, electricity, water, labour (3) labour, capital, land, rainfall, (4) labour, climate, land, tools,

Description : The four factors of production are (1) land, labour, capital, organisation, (2) land, electricity, water, labour (3) labour, capital, land, rainfall, (4) labour, climate, land, tools,

Last Answer :  land, labour, capital, organisation,

Backward bending supply curve is related to which of the following factors of production ? (a) Labour (b) Capital (c) Land(d) Entrepreneur

Description : Backward bending supply curve is related to which of the following factors of production ? (a) Labour (b) Capital (c) Land (d) Entrepreneur

Last Answer : (d) Entrepreneur

Economic rent refers to - (1) Payment made for the use of labour (2) Payment made for the use of capital (3) Payment made for the use of organisation (4) Payment made for the use of land

Description : Economic rent refers to - (1) Payment made for the use of labour (2) Payment made for the use of capital (3) Payment made for the use of organisation (4) Payment made for the use of land

Last Answer : (4) Payment made for the use of land Explanation: Rent refers to that part of payment by a tenant which is made only for the use of land, i.e., free gift of nature. The payment made by ... rent'. Economic rent is also called surplus because it emerges without any effort on the part of a landlord.

Economic rent refers to (1) Payment made for the use of labour (2) Payment made for the use of capital (3) Payment made for the use of organisation (4) Payment made for the use of land

Description : Economic rent refers to (1) Payment made for the use of labour (2) Payment made for the use of capital (3) Payment made for the use of organisation (4) Payment made for the use of land

Last Answer : Payment made for the use of land

Quasi-Rent arises from (a) Land (b) Labour (c) Capital (d) Factors whose supply in the short run is inelastic.

Description : Quasi-Rent arises from (a) Land (b) Labour (c) Capital (d) Factors whose supply in the short run is inelastic.

Last Answer : (c) Capital

In the long run, which of the following factors of production is fixed? (a) capital (b) building © labour (d) none of the above

Description : In the long run, which of the following factors of production is fixed? (a) capital (b) building © labour (d) none of the above

Last Answer : (d) none of the above

According to Absolute and Comparative Advantage theories----- is the only factor of production. (a) land (b) labour © capital (d) organization.

Description : According to Absolute and Comparative Advantage theories----- is the only factor of production. (a) land (b) labour © capital (d) organization.

Last Answer : (b) labour

Which of the following is not the factors of production ? 1. Land 2. Labour 3. Capital 4. Entrepreneur 5. None of these

Description : Which of the following is not the factors of production ? 1. Land 2. Labour 3. Capital 4. Entrepreneur 5. None of these

Last Answer : Entrepreneur

The sum total of incomes received for the services of labour, land or capital in a country is called (1) Gross domestic product (2) National income (3) Gross domestic income (4) Gross national income

Description : The sum total of incomes received for the services of labour, land or capital in a country is called (1) Gross domestic product (2) National income (3) Gross domestic income (4) Gross national income

Last Answer : (3) Gross domestic income Explanation: The Gross Domestic Income (GDI) is the total in-come received by all sectors of an economy within a nation. It includes the sum of all wages, profits, ... services), the gross domestic income of a count should exactly equal its gross domestic product (GDP).

According to Modern Theory of Rent, rent accrues to - (1) capital only (2) any factor (3) labour only (4) land only

Description : According to Modern Theory of Rent, rent accrues to - (1) capital only (2) any factor (3) labour only (4) land only

Last Answer : (2) any factor Explanation: Modern theory of rent does not confine itself to the reward of only land as a factor of production as was the case in the classical Ricardian theory of rent. Rent in ... can arise in respect of any other factor of production. i.e., labour, capital and entrepreneurship.

Classical theories believed in ---- theory of value. (a) land (b) labour © capital (d) organization.

Description : Classical theories believed in ---- theory of value. (a) land (b) labour © capital (d) organization.

Last Answer : (b) labour

The sum total of incomes received for the services of labour, land or capital in a country is called : (1) Gross domestic product (2) National income (3) Gross domestic income (4) Gross national income

Description : The sum total of incomes received for the services of labour, land or capital in a country is called : (1) Gross domestic product (2) National income (3) Gross domestic income (4) Gross national income

Last Answer :  Gross domestic income

According to Modern Theory of Rent, rent accrues to (1) capital only (2) any factor (3) labour only (4) land only

Description : According to Modern Theory of Rent, rent accrues to (1) capital only (2) any factor (3) labour only (4) land only

Last Answer : any factor

Economics classifies the manmade instrument of production as: (1) Organization (2) Capital (3) equipment (4) labour

Description : Economics classifies the manmade instrument of production as: (1) Organization (2) Capital (3) equipment (4) labour

Last Answer : (2) Capital Explanation: Some economists have classified factors into two categories, land and labour (or nature and man) on the ground that they are the only original or primary factors. ... . However, other economists include all man-made instruments for production in the category of Capital.

Enterpreneurial ability is a special kind of labour that - (1) is hired out to firms at high wages (2) organizes the process of production (3) produces new capital goods to earn interest (4) manages to avoid losses by continual innovation

Description : Enterpreneurial ability is a special kind of labour that - (1) is hired out to firms at high wages (2) organizes the process of production (3) produces new capital goods to earn interest (4) manages to avoid losses by continual innovation

Last Answer : (2) organizes the process of production Explanation: In economics, factors of production are the inputs to the production process. Factors of production' may also refer specifically to the 'primary factors', ... the other factors of production, land, labor, and capital, in order to make a profit.

Capacity utilization - (1) is usually near 100 percent. (2) represents the percent of the labour force that is employed. (3) is a measure of the proportional of the existing capital stock used for current production. (4) rises as the economy moves into a recession, since firms must replace unemployed workers with some other resources to maintain production.

Description : Capacity utilization - (1) is usually near 100 percent. (2) represents the percent of the labour force that is employed. (3) is a measure of the proportional of the existing capital ... into a recession, since firms must replace unemployed workers with some other resources to maintain production.

Last Answer : (3) is a measure of the proportional of the existing capital stock used for current production. Explanation: Capacity utilisation refers to the extent or level to which the productive capacity of a ... as a percentage, it is computed by dividing the total capacity with the portion being utilized.

Which of the following is active factor of production ? a. Labour b. Capital c. Machinery d. All of these

Description : Which of the following is active factor of production ? a. Labour b. Capital c. Machinery d. All of these

Last Answer : d. All of these

Capacity utilisation (1) is usually near 100 percent. (2) represents the percent of the labour force that is employed. (3) is a measure of the proportional of the existing capital stock used for current production. (4) rises as the economy moves into a recession, since firms must replace unemployed workers with some other resources to maintain production.

Description : Capacity utilisation (1) is usually near 100 percent. (2) represents the percent of the labour force that is employed. (3) is a measure of the proportional of the existing capital ... into a recession, since firms must replace unemployed workers with some other resources to maintain production.

Last Answer : is a measure of the proportional of the existing capital stock used for current production.

Economics classifies the manmade instrument of production as : (1) organization (2) capital (3) equipment (4) labour

Description : Economics classifies the manmade instrument of production as : (1) organization (2) capital (3) equipment (4) labour

Last Answer : capital

Enterpreneurial ability is a special kind of labour that (1) is hired out to firms at high wages (2) organizes the process of production (3) produces new capital goods to earn interest (4) manages to avoid losses by continual innovation

Description : Enterpreneurial ability is a special kind of labour that (1) is hired out to firms at high wages (2) organizes the process of production (3) produces new capital goods to earn interest (4) manages to avoid losses by continual innovation

Last Answer : organizes the process of production

What are Capital goods? a) Goods used for consumption in the production process b) Goods such as tools, machinery, etc which are used to create final consumer goods c) Goods and services that are consumed fully when purchased by the consumers d) None of the above

Description : What are Capital goods? a) Goods used for consumption in the production process b) Goods such as tools, machinery, etc which are used to create final consumer goods c) Goods and services that are consumed fully when purchased by the consumers d) None of the above

Last Answer : : b) Goods such as tools, machinery, etc which are used to create final consumer goods

“Greenhouse Gas Bulletin” is released by which international organisation? a. A Food and Agriculture Organization b. B Intergovernmental Panel on Climate Change c. C World Meteorological Organisation d. D Greenpeace

Description : “Greenhouse Gas Bulletin” is released by which international organisation? a. A Food and Agriculture Organization b. B Intergovernmental Panel on Climate Change c. C World Meteorological Organisation d. D Greenpeace

Last Answer : c. C Feldspar

“Greenhouse Gas Bulletin” is released by which international organisation? a. A Food and Agriculture Organization b. B Intergovernmental Panel on Climate Change c. C World Meteorological Organisation d. D Greenpeace

Description : “Greenhouse Gas Bulletin” is released by which international organisation? a. A Food and Agriculture Organization b. B Intergovernmental Panel on Climate Change c. C World Meteorological Organisation d. D Greenpeace

Last Answer : c. C World Meteorological Organisation

Passive soil forming factor is — a. Rainfall b. Temperature c. Climate d. Parent material

Description : Passive soil forming factor is — a. Rainfall b. Temperature c. Climate d. Parent material

Last Answer : d. Parent material

The five key indicators of global climate change of our planet are (1) Antartic Sea ice, Oxygen, Rain-fall, Drought and Sea level (2) Sea-level, Rising temperatures, Rainfall, Nitrogen and Arctic Sea ice (3) Arctic Sea ice, Carbon dioxide, Global Temperature, Sea level and Land ice (4) None of these

Description : The five key indicators of global climate change of our planet are (1) Antartic Sea ice, Oxygen, Rain-fall, Drought and Sea level (2) Sea-level, Rising temperatures, Rainfall, Nitrogen and Arctic Sea ice (3) Arctic Sea ice, Carbon dioxide, Global Temperature, Sea level and Land ice (4) None of these

Last Answer : (3) Arctic Sea ice, Carbon dioxide, Global Temperature, Sea level and Land ice.

The five key indicators of global climate change of our planet are : (1) Antartic Sea ice, Oxygen, Rainfall, Drought and Sea level (2) Sea-level, Rising temperatures, Rainfall, Nitrogen and Arctic Sea ice (3) Arctic Sea ice, Carbon dioxide, Global Temperature, Sea level and Land ice. (4) None of these

Description : The five key indicators of global climate change of our planet are : (1) Antartic Sea ice, Oxygen, Rainfall, Drought and Sea level (2) Sea-level, Rising temperatures, Rainfall, Nitrogen and Arctic Sea ... Arctic Sea ice, Carbon dioxide, Global Temperature, Sea level and Land ice. (4) None of these 

Last Answer :  Arctic Sea ice, Carbon dioxide, Global Temperature, Sea level and Land ice.

Indian agriculture is typically characterised as - (1) land surplus, labour scarce economy (2) land surplus, labour surplus economy (3) land scarce, labour surplus economy (4) land scarce, labour scarce economy

Description : Indian agriculture is typically characterised as - (1) land surplus, labour scarce economy (2) land surplus, labour surplus economy (3) land scarce, labour surplus economy (4) land scarce, labour scarce economy

Last Answer : (3) land scarce, labour surplus economy Explanation: The labor surplus economy model has as its basic premise the inability of unskilled agricultural labor markets to clear in countries with high man/land ... Japan, South Korea, and Taiwan are similar to India in being land scarce and labor surplus.

. Terms of trade is (a) the ratio of imports / exports (b) the ratio of exports/imports © the ratio of goods/services (d) the ratio of land/labour

Description : . Terms of trade is (a) the ratio of imports / exports (b) the ratio of exports/imports © the ratio of goods/services (d) the ratio of land/labour

Last Answer : (b) the ratio of exports/imports

Indian agriculture is typically characterised as (1) land surplus, labour scarce economy (2) land surplus, labour surplus economy (3) land scarce, labour surplus economy (4) land scarce, labour scarce economy

Description : Indian agriculture is typically characterised as (1) land surplus, labour scarce economy (2) land surplus, labour surplus economy (3) land scarce, labour surplus economy (4) land scarce, labour scarce economy

Last Answer :  land scarce, labour surplus economy

Gross Profit means - (1) Total investment over total saving (2) Changes in methods of production (3) Changes in the form of business organisation (4) Total receipts over total expenditure

Description : Gross Profit means - (1) Total investment over total saving (2) Changes in methods of production (3) Changes in the form of business organisation (4) Total receipts over total expenditure

Last Answer : (4) Total receipts over total expenditure Explanation: In accounting, gross profit or sales profit is the difference between revenue and the cost of making a product or providing a service, before deducting ... . Gross profit = Net sales (total receipts) - Cost of goods sold (total expenditure).

Gross Profit means (1) Total investment over total saving (2) Changes in methods of production (3) Changes in the form of business organisation (4) Total receipts over total expenditure

Description : Gross Profit means (1) Total investment over total saving (2) Changes in methods of production (3) Changes in the form of business organisation (4) Total receipts over total expenditure

Last Answer : Total receipts over total expenditure

Which of the following occurs when labour productivity rises? (1) The equilibrium nominal wage falls. (2) The equilibrium quantity of labour falls. (3) Competitive firms will be induced to use more capital (4) The labour demand curve shifts to the right

Description : Which of the following occurs when labour productivity rises? (1) The equilibrium nominal wage falls. (2) The equilibrium quantity of labour falls. (3) Competitive firms will be induced to use more capital (4) The labour demand curve shifts to the right

Last Answer : (4) The labour demand curve shifts to the right Explanation: As labour productivity increases, the production function shifts up and simultaneously the labor demand curve shifts out and right. At ... , the production function shifts up and simultaneously the labor demand curve shifts out and right.

Labour Intensive Technique would get chosen in a - (1) Labour Surplus Economy (2) Capital Surplus Economy (3) Developed Economy (4) Developing Economy

Description : Labour Intensive Technique would get chosen in a - (1) Labour Surplus Economy (2) Capital Surplus Economy (3) Developed Economy (4) Developing Economy

Last Answer : (1) Labour Surplus Economy Explanation: Labour' refers to the people required to carry out a process in a business. Labour-intensive processes are those that require a relatively high level of ... intensive processes are more likely to be seen in Job production and in smaller-scale enterprises.

Which among the following has the least possibility of globalization? (1) selection of labour force (2) location of capital works (3) to manage resources for investment (4) increase in infrastructure

Description : Which among the following has the least possibility of globalization? (1) selection of labour force (2) location of capital works (3) to manage resources for investment (4) increase in infrastructure

Last Answer : (2) location of capital works Explanation: Globalization can affect the labor market by increasing capacity of developing countries to create new opportunities for work and production ... in proper shape. A welldeveloped infrastructure is an indispensable condition for faster globalization.

Backward bending supply curve belongs to which market? (1) Capital (2) Labour (3) Money (4) Inventories

Description : Backward bending supply curve belongs to which market? (1) Capital (2) Labour (3) Money (4) Inventories

Last Answer : (2) Labour Explanation: In economics, backward bending supply curve is related to labour. Also known as backward-bending supply curve of labour, This curve models a situation where workers choose to ... It shows how the change in real wage rates affects the number of hours worked by employees.

Consider the following statements and identify the right ones. i. COR is relatively low in labour intensive sectors. ii. COR will be high in capital intensive sectors iii. Both iv. None

Description : Consider the following statements and identify the right ones. i. COR is relatively low in labour intensive sectors. ii. COR will be high in capital intensive sectors iii. Both iv. None

Last Answer : iii. Both

If capital is available in large proportion and labour is less then the economy is known as (a) Labour intensive country (b) Capital intensive country. © Both (a) and (b). (d) None of the above.

Description : If capital is available in large proportion and labour is less then the economy is known as (a) Labour intensive country (b) Capital intensive country. © Both (a) and (b). (d) None of the above.

Last Answer : (b) Capital intensive country.

Which among the following has the least possibility of globalisation ? (1) selection of labour force (2) location of capital works (3) to manage resources for investment (4) increase in infrastructure

Description : Which among the following has the least possibility of globalisation ? (1) selection of labour force (2) location of capital works (3) to manage resources for investment (4) increase in infrastructure

Last Answer : location of capital works

Backward bending supply curve belongs to which market? (1) Capital (2) Labour (3) Money (4) Inventories

Description : Backward bending supply curve belongs to which market? (1) Capital (2) Labour (3) Money (4) Inventories

Last Answer : Labour

Which of the following occurs when labour productivity rises ? (1) The equilibrium nominal wage falls. (2) The equilibrium quantity of labour falls. (3) Competitive firms will be induced to use more capital (4) The labour demand curve shifts to the right

Description : Which of the following occurs when labour productivity rises ? (1) The equilibrium nominal wage falls. (2) The equilibrium quantity of labour falls. (3) Competitive firms will be induced to use more capital (4) The labour demand curve shifts to the right

Last Answer : The labour demand curve shifts to the right

Labour Intensive Technique would get chosen in a (1) Labour Surplus Economy (2) Capital Surplus Economy (3) Developed Economy (4) Developing Economy

Description : Labour Intensive Technique would get chosen in a (1) Labour Surplus Economy (2) Capital Surplus Economy (3) Developed Economy (4) Developing Economy

Last Answer : Labour Surplus Economy

Which one of the following is normally NOT included in production cost ? (a) Cost of raw material (b) Cost of labour (c) Cost of advertisement (d) indirect material cost

Description : Which one of the following is normally NOT included in production cost ? (a) Cost of raw material (b) Cost of labour (c) Cost of advertisement (d) indirect material cost

Last Answer : (a) Cost of raw material

Dry land farming in India is largely confined to areas with rainfall less than - a. 100 cm b. 85 cm c. 80 cm d. 75 cm

Description : Dry land farming in India is largely confined to areas with rainfall less than - a. 100 cm b. 85 cm c. 80 cm d. 75 cm

Last Answer : d. 75 cm

Factors of production in Input Output model is---- (a) one (b) two © three (d) four

Description : Factors of production in Input Output model is---- (a) one (b) two © three (d) four

Last Answer : (a) one

. In Heckscher Ohlin theory factors of production are---in number. (a) one (b) two © three (d) four

Description : . In Heckscher Ohlin theory factors of production are---in number. (a) one (b) two © three (d) four

Last Answer : (b) two

What is the sum total of incomes received for the services of labour, land or capital in a country? -General Knowledge

Description : What is the sum total of incomes received for the services of labour, land or capital in a country? -General Knowledge

Last Answer : The answer is 'National income'

What is the sum total of incomes received for the services of labour, land or capital in a country? -General Knowledge

Description : What is the sum total of incomes received for the services of labour, land or capital in a country? -General Knowledge

Last Answer : answer:

Density of population shows: (1) Land capital ratio (2) Land product ratio (3) Land labour ratio (4) Man land ratio

Description : Density of population shows: (1) Land capital ratio (2) Land product ratio (3) Land labour ratio (4) Man land ratio

Last Answer : (4) Man land ratio Explanation: Population density is a measurement of population per unit area. For humans, population density is the number of people per unit of area, usually quoted per square kilometer.

Which of the following will have a relatively flat supply curve (a) Land ; (b) Labour ; (c) Capital ; (d) Raw material

Description : Which of the following will have a relatively flat supply curve (a) Land ; (b) Labour ; (c) Capital ; (d) Raw material

Last Answer : (a) Land ;

Which of the following is/ are an economic resource (a) Land ; (b) Capital ; (c) Labour ; (d) All the three

Description : Which of the following is/ are an economic resource (a) Land ; (b) Capital ; (c) Labour ; (d) All the three

Last Answer :  (d) All the three