The workers form a group within themselves called
Trade Union
Labour Union
Mass Union
Employment Union
Which one of the following comes under factors of production?
Minister
Labour
Employment
Industry
The interest paid on the money that has been borrowed for purposes of buying Capital Equipment is called
Price of Labour
Price of Land
Price of Capital
Price of Wage
Land , labour, capital and entrepreneur are called
factors
factors of production
consumption goods
none of these
If the business man makes more than the normal profit, then the business is said to be making
super normal profit
increasing normal profit
super profit
normal profit
Minimum Wages Act was passed in
1947
1946
1945
1948
If an entrepreneur simply meets his costs, then the business is said to be making
Super profit
Abnormal profit
Normal profit
Loss
Rent paid to a more fertile land will be
Less
High
Equal
Zero
Which one of the following is a " produced means of production "?
land
labour
organisation
capital
The money required to buy capital is called
money land
money wages
money capital
money interest