Class 8 · Social Science · Exploring Society: India and Beyond - Part I

7. Factors of Production

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Land, labour, capital and entrepreneurship are the

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Answer and explanation

Answer: A. factors of production

Goods and services are produced by combining these four.

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Try question 2

The reward for labour is

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Answer and explanation

Answer: B. wages

Workers are paid wages or salaries.

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Try question 3

The reward for capital is

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Answer and explanation

Answer: C. interest

Those who provide capital receive interest.

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