Which of the following comes under 39 factors of production 39 1 ...........

Economic and Social Issues Nature of Indian economy

Which of the following comes under 'factors of production'?

1. A 400 acre plot

2. Minerals

3. Tools & machines

4. Raw materials

5. Money in hand

6. 50 skilled professionals

Select the correct answer using the codes given below

1, 2, 3 and 5

3, 5 and 6 only

2, 4 and 6 only

All of the above

Land, labour, physical capital and human capital come under factors of production.

These four things combine to produce godsend services.

• 400 acre plot - land

• Minerals- other natural resources

• Tools & machines-physical capital

• Raw materials- physical capital

• Money in hand-physical capital

• 50 skilled professionals-labour

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