Factors of production such as land, labour, capital and organization are transferred into output, the process is called
Production
Communication
Education
Transportation
___________ is the basic factor of production.
Labour
Capital
Organization
Land
In economics the central problem is
Allocation
Scarcity
Consumption
is defined to include not only the surface of the earth but also all other gifts of nature.
Entreprenure
The of a country depends to a great extent on the availability of land in that country.
Income
Profit
National output
Development
The act of making goods and services in order to satisfy various human wants is called
Which is NOT a characteristics of land?
Natural fertility of land
Supply of land is fixed
Land is immobile
Land is heterogeneous
__________ increases the productivity of the workers.
Man made instruments of production are called
_______ is a man made instrument of production.