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FP
Question Practice

Why is entrepreneurship critical in the 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

Why is entrepreneurship critic...

Single Answer MCQ
Q-00140180

Why is entrepreneurship critical in the factors of production?

1

It reduces the need for capital

2

It combines various factors effectively

3

It minimizes the use of land

4

It guarantees profit

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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?

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Q2.

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

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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?

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