Indicate below what is not a factor of production?
Land
Labour
Capital
A bank loan
The act of making goods and services in order to satisfy various human wants is called
Production
Education
Transportation
Communication
In economics the central problem is
Allocation
Scarcity
Consumption
Machines, factories and computers are examples of ___________ capital.
Fixed capital
Physical capital
Money capital
Working capital
The _____ of a country depends on the growth rate of national output or percapita output.
Income
Economic growth
Profit
Service sector
When labour is more dominant than capital it is called ________ production.
Labour intensive
Capital intensive
Large scale production
Small scale production
_______ is an active agent of production.
Organization
The remuneration paid for the services of ________ is called wages.
Labourer
Entrepreneur
Products
Savings
The of a country depends to a great extent on the availability of land in that country.
National output
Development
Man made instruments of production are called
