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Factors of Production

Which of the ...

Question

Which of the following is correct with respect to resources:

A

Money is a capital good

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B

Human skills are a labour input

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C

Entrepreneur is part of the labour input

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D

Natural resources include human input

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Solution

The correct option is B
Human skills are a labour input

Human skills are a labour input.

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Similar questions

Q. Assertion (A): Human resources occupy greater importance in production than natural resources and material resources.

Reasoning (R): Human labour transforms the natural and material resources into finished products.

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S1: Natural resources can be utilised if humans are skilled and have adequate knowledge about them.

S2: Humans with certain skill sets are considered as resources.

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