Factors of production such as land, labour, capital and organization are transferred into output, the process is called
Production
Communication
Education
Transportation
Labour cannot be separated from the
Restored
Service
Bargain
Labourer
Man made instruments of production are called
Land
Capital
Labour
Organization
The of a country depends to a great extent on the availability of land in that country.
Income
Profit
National output
Development
The increase in the national income is called
Percapita income
Capital intensive
Capital formation
Economic growth
_______ is a man made instrument of production.
________ is not perishable.
Indicate below what is not a factor of production?
A bank loan
Which is NOT a characteristics of land?
Natural fertility of land
Supply of land is fixed
Land is immobile
Land is heterogeneous
_______ is an active agent of production.