ECONOMICS (CBSE/UGC NET)

ECONOMICS

MONEY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Raw materials (i.e. cotton, oil ____ etc.)
A
Land
B
Labor
C
Capital
D
Entrepreneurship
Explanation: 

Detailed explanation-1: -Examples of raw materials include steel, oil, corn, grain, gasoline, lumber, forest resources, plastic, natural gas, coal, and minerals.

Detailed explanation-2: -Cotton is a soft, fluffy staple fiber that grows in a boll, or protective case, around the seeds of the cotton plants of the genus Gossypium in the mallow family Malvaceae. The fiber is almost pure cellulose, and can contain minor percentages of waxes, fats, pectins, and water.

Detailed explanation-3: -Land resources are the raw materials in the production process. These resources can be renewable, such as forests, or nonrenewable such as oil or natural gas.

Detailed explanation-4: -Raw material for textile industry is cotton, jute, wool raw silk and synthetic goods.

There is 1 question to complete.