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Biopiracy

Which of the ...

Question

Which of the following factor of production is free gift of nature?

A

Entrepreneurship

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B

Capital

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C

Labour

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D

Land

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Solution

The correct option is D Land
Among the 4 factors of production, land is a free gift of nature to human beings, its quantity supplied is unlimited and fixed.

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Similar questions

Q. _________, as a factor of production, is a free gift of nature.

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. Which out of the following factors of production is natural?

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)

Q. State whether the following statement is true or false:
Land is free gift of nature.

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