Labour can move between:
Jobs
Places
Both between jobs and places
Neither a nor b
A successful entrepreneur is one who is ready to accept
Innovations
Risks
Deciding the location of the production unit
All the above
Entrepreneur is a person who is:
Organizer
Manager
Risk taker
All of the above
___________ is man made physical goods used to produce other goods.
Physical capital
Human capital
Money capital
Financial capital
Land and labour are called _____ factors.
Primary factors
Desired factors
Secondary factors
tertiary factor
Land include:
Heat
Air
Light
An enquiry into the nature and causes of wealth of nation was written by
Alfred Marshall
Adam Smith
Samuelson
Keynes
Reward paid to capital is
Interest
Profit
Wages
Rent
Efficiency of labour depends upon
Skill
Physical strength
Training
Production refers to
Destruction of wealth
Creation of utilities
Exchange value
