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The Story of Village Palampur — Social Studies STD 9 — Question

CBSE BoardEnglish MediumSTD 9Social StudiesThe Story of Village Palampur1 Mark
MCQ
Which is the most important factor of production?
  • A
    Land.
  • B
    Labour.
  • ✓
    Human capital.
  • D
    Physical capital.
✓

Answer

Correct option: C.
Human capital.
Human capital is the most important factor of production because you will need knowledge and enterprise to be able to put together land, labour and physical
capital to produce an output either to use yourself or sell in the market.

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