Practice Factors of Production – Basic Concepts - 2 | 2. Factors of Production – Basic Concepts | ICSE Class 10 Economic Applications
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2 - Factors of Production – Basic Concepts

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Learning

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What are the four factors of production?

💡 Hint: Think of the main categories mentioned.

Question 2

Easy

What do we call income earned from land?

💡 Hint: What do landlords receive for leasing property?

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What are the four factors of production?

  • Land
  • Labour
  • Capital
  • Entrepreneurship
  • Natural Resources
  • Machines
  • Workers
  • Innovation
  • Raw materials
  • Money
  • Professionals
  • Tools

💡 Hint: Recall the key terms from our discussions.

Question 2

True or False: Labour can be separated from the labourer.

  • True
  • False

💡 Hint: Think about what it means to provide labour.

Solve 3 more questions and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

Given a community produces cheese, discuss the importance of each factor of production in its success.

💡 Hint: Consider how each aspect contributes to the end product.

Question 2

Analyze what would happen if one factor of production were removed from the cheese production community.

💡 Hint: Reflect on the dependence each factor has on the others.

Challenge and get performance evaluation