Factors of Production Match the following Set 07

Factors of Production  

Match the following Set 07

1.
1. Adam Smith                     (a) Higher National Income
2. Advanced Countries          (b) Original Factors
3. Utility                              (c) Derived Factors
4. Land and Labour               (d) Father of Economics
5. Capital and Organisation    (e) Satisfying power
Ans: 1.(d); 2.(a); 3.(e); 4.(b); 5.(c);
 
2.
1. Land                         (a) Right man for the right job
2. Labour                      (b) Human Capital
3. Division of Labour      (c) Fixed in supply
4. Healthcare                (d) Man made
5. Capital                      (e) Inseparable
Ans: 1.(c); 2.(e); 3.(a); 4.(b); 5.(d);