For getting fair wages and good working conditions, the workers form a group within themselves called
Trade union
Workers co-operative
Co-operative society
None of these
The workers form a group within themselves called
Trade Union
Labour Union
Mass Union
Employment Union
Which one of the following character who does not own any other factors of production other than himself ?
labourer
landlord
entrepreneur
producer
Which one of the following components comprises of the various amounts paid out to the factors of production plus the profit of the entrepreneur who is doing the business?
average cost of production
medium cost of production
total cost of production
minimum cost of production
If the businessman has enough money to run business, and has some money left over it is called
interest
wages
profit
entrepreneurship
The price of labour is called
Wage
Profit
Rent
Interest
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
Minimum Wages Act was passed in
1947
1946
1945
1948
Which one of the following is a " produced means of production "?
land
labour
organisation
capital
Profit is Total Revenue minus
Total costs
Total wages
Total production
Total purchase