Answer: human resources considered as the most important factor of production because human resource results in the economic growth of the country . investing in human resource could ultimately increases the production of other resources.
Q. What are the challenges faced by the farmers Class 10?
Class 10 Question →having insufficient amount of fertilizers and equipments like Hvy seeds, chemical fertilizers, tractors,machines etc etc. →depending on climatic conditions due to lack of fertilizers. →lack of money. →lack of communication with government in order to get healthy amount on their grains or vegetables.
Table of Contents
- Q. What are the challenges faced by the farmers Class 10?
- Q. What are the challenges faced by agricultural sector?
- Q. What are the three main factors of production?
- Q. How do the factors of production affect our daily life?
- Q. How have Graeter’s owners used the four factors of production?
- Q. Which of Graeter’s stakeholders are most affected?
- Q. What are the factors of production and their rewards?
- Q. What are the four factors of production and their remuneration?
Q. What are the challenges faced by agricultural sector?
There are increasing pressures from climate change, soil erosion and biodiversity loss and from consumers’ changing tastes in food and concerns about how it is produced. And the natural world that farming works with – plants, pests and diseases – continue to pose their own challenges.
Q. What are the three main factors of production?
The factors of production include land, labor, capital and entrepreneurship.
Q. How do the factors of production affect our daily life?
The factors of production are the resources used in creating and producing a good or service and are the building blocks of an economy. Improved economic growth raises the standard of living by lowering production costs and increasing wages.
Q. How have Graeter’s owners used the four factors of production?
Graeter’s family owned business has used the four factors of production to build their business over time. They have used land and natural resources to make high quality ice cream. They have used the labor of employee to produce and to pack all the ice cream by hand, ensuring a dense creamy ice cream.
Q. Which of Graeter’s stakeholders are most affected?
The most affected Graeter’s stakeholders by the family’s decision to take a long- term view of the business rather than aiming for a short-term profit include owners, employees and investors.
Q. What are the factors of production and their rewards?
When factors are used they earn a reward called a factor ‘income’. Factor incomes are: rent, wages, interest and profit. In basic economic theory, the more scarce and essential the factor the greater the reward. Factors can be substituted when possible, and this affects the relative reward.
Q. What are the four factors of production and their remuneration?
Land, labour, capital and enterprise are four factors of production and their remuneration is called rent, wages, interest and profit respectively.
