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Case Study of Organic Farming

, as a factor...

Question

_________, as a factor of production, is a free gift of nature.

A

Land

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B

Labour

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C

Capital

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D

Entrepreneurship

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Solution

The correct option is B Land
Land is not a man-made factor of production. It is a gift of nature, which is used for various purposes in the production process depending on its location and fertility.

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Similar questions

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)

Q. State whether the following statement are TRUE and FALSE.

1. Demand for labour is direct demand.

2. Labour and labourer are inseparable.

3. Labour cannot be stored.

4. Capital is a natural factor of production.

5. Land is a free gift of nature.

Q. Which of the following factor of production is free gift of nature?

Q. In Economics, the term "land" includes all that which is available free of cost from 'nature' as a gift to human beings.

Q. Capital is a gift of nature.

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Case Study of Organic Farming

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