NCERT Production Economics Questions and Answers Pdf - 1

Question: 1

The theory of Moral Sentiments was written by ______

Answer:

Adam Smith

Question: 2

______ can be both customers of the producers and suppliers to the producers.

Answer:

Consumers

Question: 3

Derived factors are ____ and _____

Answer:

Capital, Organization

Question: 4

______ is more perishable than other factors of production.

Answer:

Labour

Question: 5

Entrepreneurship is otherwise called _____

Answer:

Organization

Question: 6

_____ is the man made physical goods used to produce other goods and services.

Answer:

Capital

Question: 7

_____ is the human input into the production process.

Answer:

Labour

Question: 8

_____ is a fixed in supply.

Answer:

Land

Question: 9

_____ means want satisfying power of a product.

Answer:

Utility

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