_______ is an active agent of production.
Land
Labour
Capital
Organization
The act of making goods and services in order to satisfy various human wants is called
Production
Education
Transportation
Communication
The of a country depends to a great extent on the availability of land in that country.
Income
Profit
National output
Development
The remuneration paid for the services of ________ is called wages.
Labourer
Entrepreneur
Products
Savings
Which is NOT a characteristics of land?
Natural fertility of land
Supply of land is fixed
Land is immobile
Land is heterogeneous
_______ is a man made instrument of production.
The _____ of a country depends on the growth rate of national output or percapita output.
Economic growth
Service sector
________ is not perishable.
The area of _______ is fixed.
When labour is more dominant than capital it is called ________ production.
Labour intensive
Capital intensive
Large scale production
Small scale production
