Question
Which of the following is not correct factor/s of production?
Solution
Factor Cost = Factors of Production 1. Land (Rent) 2. Labour (Wages) 3. Capital (Interest) 4. Entrepreneurship (Profit) Factor Cost = Rent + Wages + Interest + Profit Please video for more clarity.
More Economic and Social Issues ESI Questions
- Match the following pairs regarding major economic policy landmarks in India : Which of the following is correctly matched ?
- What rating has RBI Governor Shri Shaktikanta Das received in the Global Finance Central Banker Report Cards 2023?
- Which of the following agencies implement the two sub-schemes named- MSME Green Investment and Financing for Transformation Scheme (MSE GIFT Scheme), MSE S...
- ‘Global Findex database’ released by which of the following international organization?
- What is the significance of using the term "she" in the context of the bill related to data protection?
- Which of the following insect orders contains species that are exclusively parasitic in behavior?
- What can be the possible steps to prevent inflation? I. Change the monetary policy. II. Controlling the money supply. III. Higher Income Tax rate. IV. ...
- Which of the following Statements about the Panchayat Raj Institutions is/are True? I- The 73rd Amendment added a new Part IX to the Constitution titled “T...
- As per Census 2011, which of the following state has the maximum number of senior citizens?
- Consider the following Statements about the PM Formalization of Micro Food Processing Scheme and choose the correct option. (I) It was launched in 2020. ...
