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Human Capital

Fill in the b...

Question

Fill in the blanks with appropriate alternatives given in the bracket.
________ is a man-made factor of production.
[Land, Labour, Capital, Organiser]

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Solution

Capital used for production (eg: Money, Intermediate goods etc.) are man-made factors of production.

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

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