Which one of the following character who does not own any other factors of production other than himself ?
labourer
landlord
entrepreneur
producer
The people whose income is obtained from the work of their physical and mental skills are called
Labours
Land owners
Feudalist
Children
Which one of the following is the result of combining various factors of production?
Production
Consumption
Distribution
Capital Accumulation
The price of entrepreneurship is called
interest
wages
profit
rent
Which one of the following comes under factors of production?
Minister
Labour
Employment
Industry
If an entrepreneur simply meets his costs, then the business is said to be making
Super profit
Abnormal profit
Normal profit
Loss
The price of labour is called
Wage
Profit
Rent
Interest
Which one of the following is the reward for mere ownership of land which goes to the land owner?
capital
wage
To start a business, an entrepreneur needs
Land
Money
Factors of production
Land , labour, capital and entrepreneur are called
factors
factors of production
consumption goods
none of these