ECONOMICS (CBSE/UGC NET)

ECONOMICS

TECHNOLOGY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which are affected by the factors of production?Check all that apply.
A
The demand of the item.
B
The availability of the item.
C
The cost of the item.
D
The quality of the item.
E
The popularity of the item
Explanation: 

Detailed explanation-1: -Innovations in how the factors of production are used affects their yield through profits, labor productivity or income streams. These changes are reflected in the value of the linked financial instruments, such as bonds, stocks or special purpose vehicles either for funding or savings, Portes says.

Detailed explanation-2: -Factors of production are the building blocks for goods and services in an economy. The four factors of production are land, labor, capital, and entrepreneurship.

Detailed explanation-3: -Land as a factor of production. As a factor of production, land can take on various forms-from raw property to commercial real estate. Labor as a factor of production. Capital as a factor of production. Entrepreneurship as a factor of production. 15-Feb-2021

Detailed explanation-4: -Physical Capital. Land. Human Capital. Labour.

There is 1 question to complete.