Which one of the following are produced by large scale industries?
Dams
shoes
flowers
baskets
The total market value of all goods and services produced in a country during a given period of time is
Percapita income
Net National Product
Gross National Product
National Income
Which one of the following is the price paid to labour?
wages
rent
profits
interest
The factors of production which are responsible for the production that have to be paid when they are used is called
production
consumption
distribution
capital formation
Remuneration given for the use of capital is called
land
Which one of the following goods are manufactured by small scale industries?
textiles
fruits
oilseeds
Assertion :-The earnings in a market economy are distributed to the owners of the economy's factors of production in the form of wages,profits,rent and interest.
Reasons :- Total incomes received by four factors of production in an economic system during a given period of time called National Income Income at factor cost.
Assertion is True , Reason is False.
Assertion is False ,Reason is True.
Both Assertion and Reason are True.
Both Assertion and Reason are False
The services which are not paid for are known as
Free services
Economic services
Private services
Consumer services
Which one of the following comes under factors of production?
national income
Per capita income
Price paid services are called .
free services
economic services