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FP
Question Practice

How has technology specifically changed the role of entrepreneurs in 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 has technology specificall...

Single Answer MCQ
Q-00140210

How has technology specifically changed the role of entrepreneurs in production?

1

Lowered financial risks

2

Eliminated competition

3

Facilitated innovative business models

4

Reduced the necessity for planning

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

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

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