Factors of production

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FActors of production and their reward in Economics

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Gilby Kandathil

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Factors of productionVersión en línea FActors of production and their reward in Economics por Gilby Kandathil 1 Which of the following is an example of land as a factor of production? a A farm land b Truck used to trasport goods c A factory worker d A fram land owner 2 Which factor of production is rewarded by rent? a Land b Enterprise c capital d labour 3 A machine used in a manufacturing business is an example of which factor of production? a capital b land c labour d enterprise e 4 Which of the following best describes the entrepreneur? a someone who takes the risk of starting a business b someone who provides land for business c Someone who works for wages ina business d Someone who lends money to a business 5 Which of the following shows the correct reward for each factor of production? a Land – Rent; Labour – Wage; Capital – Interest; Enterprise – Profit b Land – Wage; Labour – Profit; Capital – Rent; Enterprise – Interest c Land – Interest; Labour – Rent; Capital – Profit; Enterprise – Wage d Land – Profit; Labour – Interest; Capital – Rent; Enterprise – Wage

Factors of productionVersión en línea

FActors of production and their reward in Economics

por Gilby Kandathil

Which of the following is an example of land as a factor of production?

A farm land

Truck used to trasport goods

A factory worker

A fram land owner

Which factor of production is rewarded by rent?

Land

Enterprise

capital

labour

A machine used in a manufacturing business is an example of which factor of production?

capital

land

labour

enterprise

Which of the following best describes the entrepreneur?

someone who takes the risk of starting a business

someone who provides land for business

Someone who works for wages ina business

Someone who lends money to a business

Which of the following shows the correct reward for each factor of production?

Land – Rent; Labour – Wage; Capital – Interest; Enterprise – Profit

Land – Wage; Labour – Profit; Capital – Rent; Enterprise – Interest

Land – Interest; Labour – Rent; Capital – Profit; Enterprise – Wage

Land – Profit; Labour – Interest; Capital – Rent; Enterprise – Wage

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Factors of productionVersión en línea

por Gilby Kandathil

Which of the following is an example of land as a factor of production?

Which factor of production is rewarded by rent?

A machine used in a manufacturing business is an example of which factor of production?

Which of the following best describes the entrepreneur?

Which of the following shows the correct reward for each factor of production?

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