10 Questions
What is the main intention of production?
To provide required goods and services to the people
Who uses land, labor, and capital for production?
Proprietor or organizer
How is land utilized in Janampet?
Mainly for agriculture
What happens after the production of goods?
The goods are sold in the markets
What is the primary source of capital for production in the text?
Banks and personal savings
What is the primary purpose of production according to the text?
To provide required goods and services to the people
Which factor of production involves physical activity and is crucial for agriculture?
Labour
What is the primary source of capital for production mentioned in the text?
Borrowing from banks or individuals
Which factor of production is used for agriculture and other activities in Janampet?
Land
Who uses land, labour, and capital for the production of goods?
Producers or organizers
Test your knowledge of factors of production with this quiz. Learn about the classification and explanation of land, labor, capital, and organization as essential inputs for creating goods and services. Gain insights into the role of each factor in the production process.
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