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Circular Flow Diagram

Fill in the b...

Question

Fill in the blanks with appropriate alternatives given in the bracket.
_________ is regarded as primary factor of production.
[Land, Labour, Capital, Entrepreneur]

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Solution

Land is a primary factor of production. This is because it is the first thing needed in order to start production. We get resources from Land.

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Q. Fill in the blanks with appropriate alternatives given in the bracket.
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