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FP
Question Practice

How can a business improve its factors of production?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 8
Social Science
Exploring Society India and Beyond
Factors of Production
Question Bank

How can a business improve its...

Single Answer MCQ
Q-00140172

How can a business improve its factors of production?

1

By limiting its output

2

By investing in employee training and technology

3

By reducing its labor force

4

By renting cheaper land

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Keep Practising

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Continue with nearby questions to strengthen the same chapter concept while you still have the context fresh in mind.

Q1.

What does the term 'land' refer to in the context of factors of production?

Single Answer MCQ
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Q2.

Which of the following is NOT considered a factor of production?

Single Answer MCQ
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Q3.

Which factor of production involves human effort that contributes to the creation of goods?

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Q4.

In which scenario is the 'capital' factor of production primarily utilized?

Single Answer MCQ
View explanation