MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Factors of Production

For productio...

Question

For production of goods we need factors:

A

Few

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Two

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

Four

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

D

Unlimited

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C
Four

There are four factors of production: Land, labour, capital, and entrepreneurship.

Suggest Corrections

thumbs-up

1

Similar questions

Q. There are _____ factors required for production of goods and services.

Q. How many factors are required for production of goods and services?

Q. Name the four requirement for production of goods and services.

Q. What are the factors required for the production of good poultry birds?

Q. Which factor of production brings together the other factors of production to produce economic goods and services?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Inputs to Outputs

ECONOMICS

Watch in App

explore_more_icon

Explore more

Factors of Production

Standard XI Economics

Join BYJU'S Learning Program

CrossIcon