MyQuestionIcon

1

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

Distribution of the Factors of Production

Which of the ...

Question

Which of the following is/are incorrect regarding the distribution of factors of production?

A

Alternative use of resources

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

B

Limited wants of humans

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

C

Judicious use of resources

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

D

Prioritising our wants

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

Open in App

Solution

The correct option is B Limited wants of humans
Some aspects that affect the distribution of factors of production are the limitlessness of human wants, the alternative use of resources, judicious use of resources, and prioritising our wants.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Consider the following statements regarding the Index of Industrial Production (IIP):

Which of the above statements is/are incorrect?

2 and 3 only
3 and 4 only
1 and 3 only
1 and 2 only

Q. Which of the following is true regarding "land" as a factor of production?

Q. Which of the following is not true regarding "land" as a factor of production?

Q.  Which of the following statements is incorrect regarding the Public Distribution System?

Q. Factor incomes are used by the factors of production to purchase goods and services, which determines the distribution of the output produced.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Last Two Digits of an Even No. Part 2

ECONOMICS

Watch in App

explore_more_icon

Explore more

Distribution of the Factors of Production

Standard X Economics

Join BYJU'S Learning Program

CrossIcon