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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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Similar questions

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

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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______ is geographically immobile.
[Land, Labour, Capital Entrepreneur]

Q. Fill in the blanks with appropriate alternatives given in the bracket.
______ is a leader of an organisation.
[A capitalist, A consumer, A seller, An entrepreneur]

Q. Fill in the blanks with appropriate alternatives given in the bracket.
__________ capital is only used once in production.
[Fixed, Specialised, Variable, Real]

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