7th Indian Economy

FACTORS OF PRODUCTION

I. Choose the correct answer:- 1. Economics is a social science 2. There are 4 factors of production. 3. Labour cannot be separated from labourer. 4. In general capital means money. 5. In organizer will always make innovations. 6. The reward paid to capital is interest. 7. Investment in education is called human capital. 8. The reward paid to labour as a factor production is wages. 9. In united states more than 80% of labour force is tertiary workers. 10. Agriculture is classified under primary sector. II. Fill in the blanks:- 1.Production means creation of utility. 2.Utility means wants satisfying…