________ is not perishable.
Land
Labour
Capital
Organization
Indicate below what is not a factor of production?
A bank loan
The area of _______ is fixed.
___________ is the basic factor of production.
_______ is an active agent of production.
The remuneration paid for the services of ________ is called wages.
Labourer
Entrepreneur
Products
Savings
In economics the central problem is
Allocation
Production
Scarcity
Consumption
The increase in the national income is called
Percapita income
Capital intensive
Capital formation
Economic growth
The _____ of a country depends on the growth rate of national output or percapita output.
Income
Profit
Service sector
Which is NOT a characteristics of land?
Natural fertility of land
Supply of land is fixed
Land is immobile
Land is heterogeneous
