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Prevention and Control Measures for Storage Loss

Coordination ...

Question

Coordination of land, labour and capital to generate products is called ____________.

A

Production

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B

Consumption

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C

Organization

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D

Capitalisation

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Solution

The correct option is D Organization
Organization is a factor of production which involves coordination of other factors of production. The person who coordinates the activities is called organizer or entrepreneur.

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Similar questions

Q. The process of co-ordinating land, capital and labour for production is called _________________.

Q. The sum of total of incomes received for the services of labour, land or capital in a country is 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)

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

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.

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Prevention and Control Measures for Storage Loss

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