Assertion (A): Every production is organised by combining land, labour – InterviewSolution

1.	Assertion (A): Every production is organised by combining land, labour, physical capital and human capital, which are known as factors of production. Reason (R): Raw materials and money in hand are called working capital.
Answer» Both A and RARE TRUE and R is the correct EXPLANATION of A. Both A and R are true but is not the correct explanation of A. A is true but R is FALSE. A is false but R is true. Answer :B

Discussion

No Comment Found

Related InterviewSolutions

Describe the term 'NFWP'.
"The employment structure is characterised by self-employment in primary sector." Explain.
How is poverty line estimated periodically?
Assertion : The official defination of poverty, however, captures only a limited part of what poverty really means to people. Reason : It is about a ''maximum'' subsistence level of living rather than a ''resasonable'' level of living.
………….in human capital yields a return just like investment in physical capital.
Describe current government strategyof poverty alleviation.
Land under cultivation (in million hectares) in India in the year 2000 was
Which of the following is a significant step towards providing elementary education to all the children in the age group of 6-14 years?
How is human resource different from other resources like land and physical capital?
How is division of labours made between men and women in the family?