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Factors of Production

A/An efficien...

Question

A/An ________ efficiently puts together land, labour, and capital to produce an output.

A

investor

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B

banker

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C

entrepreneur

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D

client

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Solution

The correct option is C entrepreneur

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Similar questions

Q. If more and more capital and labour are employed on a piece of land after a certain point, the output increases by _________.

Q. Assertion (A): Land, capital and labour are known as ‘factors of production’.

Reason (R): They are not essential to produce finished products.

Choose the correct option.

Q. The __________ capital helps a labourer to produce goods.

Q. Land, labour, capital and entrepreneurship together are called _________.

Q. Fill in the blanks with appropriate alternatives given in the brackets:

i. Land is subject to ___________ returns. (increasing/ constant/ diminishing/ negative)

ii. ______________ is regarded as primary factor of production. (Land/ Labour/ Capital/ Entrepreneur)

iii. Capital is a __________ factor of production. (real/ artificial/ natural/ free)

iv. Land is a free gift of _______________. (nature/ human/ foreign/ nation)

v. __________ is a leader of organisation. (A capitalist/ A consumer/ A seller/ An organizer)

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Factors of Production

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