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Factors of Production

Land, labour,...

Question

Land, labour, capital and entrepreneurship are factors of production.

A

True

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B

False

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Solution

The correct option is A
True

The four factors of production are land, labour, capital and entrepreneurship.

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Similar questions

Q. The four main factors of production are land, labour, capital, and entrepreneurs.

Q. Land, labour, capital and entrepreneurship together are called _________.

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.

Q. What are land, labour, capital, and entrepreneurship collectively referred to as?

Q. Assertion (A): Land, capital and labour are known as ‘factors of production’.

Reason (R): They are not essential to produce finished products.

Choose the correct option.

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