Labour cannot be separated from the
Restored
Service
Bargain
Labourer
Man made instruments of production are called
Land
Capital
Labour
Organization
In economics the central problem is
Allocation
Production
Scarcity
Consumption
The of a country depends to a great extent on the availability of land in that country.
Income
Profit
National output
Development
The _____ of a country depends on the growth rate of national output or percapita output.
Economic growth
Service sector
Which is NOT a characteristics of land?
Natural fertility of land
Supply of land is fixed
Land is immobile
Land is heterogeneous
Factors of production such as land, labour, capital and organization are transferred into output, the process is called
Communication
Education
Transportation
is defined to include not only the surface of the earth but also all other gifts of nature.
Entreprenure
___________ is the basic factor of production.
The act of making goods and services in order to satisfy various human wants is called
