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Factors of Production Quiz

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Questions and Answers

What is the main intention of production?

To provide required goods and services to the people (correct)

To minimize the cost of production

To create job opportunities

To generate maximum profit

Who uses land, labor, and capital for production?

Labor unions

Government authorities

Financial institutions

Proprietor or organizer (correct)

How is land utilized in Janampet?

Mainly for agriculture (correct)

Mainly for commercial purposes

Mainly for residential purposes

Mainly for industrial purposes

What happens after the production of goods?

The goods are sold in the markets Signup and view all the answers

What is the primary source of capital for production in the text?

Banks and personal savings Signup and view all the answers

What is the primary purpose of production according to the text?

To provide required goods and services to the people Signup and view all the answers

Which factor of production involves physical activity and is crucial for agriculture?

Labour Signup and view all the answers

What is the primary source of capital for production mentioned in the text?

Borrowing from banks or individuals Signup and view all the answers

Which factor of production is used for agriculture and other activities in Janampet?

Land Signup and view all the answers

Who uses land, labour, and capital for the production of goods?

Producers or organizers Signup and view all the answers

Factors of Production Quiz

Choose a study mode

Podcast

Questions and Answers

What is the main intention of production?

Who uses land, labor, and capital for production?

How is land utilized in Janampet?

What happens after the production of goods?

What is the primary source of capital for production in the text?

What is the primary purpose of production according to the text?

Which factor of production involves physical activity and is crucial for agriculture?

What is the primary source of capital for production mentioned in the text?

Which factor of production is used for agriculture and other activities in Janampet?

Who uses land, labour, and capital for the production of goods?

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