The rent paid by the farmer goes to the owner of the land who is called
land lord
tenent
producer
consumer
For getting adequate income for labourers, the government passed an Act called
Maximum wages Act
Medium wages Act
Adequate wages Act
Minimum wages Act.
Rent paid to a more fertile land will be
Less
High
Equal
Zero
The price of labour is called
Wage
Profit
Rent
Interest
The payment made for the use of Capital is
Price
The total costs of production when divided by the number of units of the product gives the
Average costs of production
Marginal costs of production
Minimum costs of production
Total cost of production
The money required to buy capital is called
money land
money wages
money capital
money interest
To start a business, an entrepreneur needs
Land
Labour
Money
Factors of production
The amount of money that an entrepreneur or a business man returns to the bank is the amount that he borrowed plus some more is called
Payment of Interest
Capital
Who is responsible, if a business fails?
Entrepreneur
