The labour is classified by factors such as work experience, education, and skills. A garbage truck driver is an example of which Factor of Production? Let us make an in-depth study of the meaning, definition, types and factors of production. Which of the below is not a factor of production?a. This could be a renewable resource or a non-renewable resource. 1. * 1 point Land Labour Capital Tools and machines A factor of production is indispensable for production because without it no production is possible. Land b. Labour c. Entrepreneurs d. Capital Get the answers you need, now! It includes raw property and anything that comes from the ground. Land B. One uses the land to produces goods. It can be a non-renewable resource. It is customary to attribute the process of production to three factors, land, labour and capital, to which we add organisation. Land is a passive factor of production and so it is essential to combine it with other active factors, in correct proportion, to achieve the optimum productivity. A. Types of Factors of Production. For Coca-Cola, the labour would include the factory workers, managers and people of lower positions in the offices. Since the primary purpose of economic activity is to produce utility for individuals, we count as production during a time period all activity which either creates utility during the period or which increases ability of the society to create utility in the future. Capital (investment) ... Get the Brainly App 1. Land is short for all the natural resources available to create supply. Question 31. Land. Which is the most abundant factor of production in India? What is Green Revolution? Land:. It refers to all natural resources. Labor C. Physical Capital D. Human Capital. Every production is organised combining land labour physical capital and human capital which are known as factors of production chaitanyakrishn1 chaitanyakrishn1 The factors are as follows 1. Meaning of Production: . Man's first Economic Revolution involved the decision to: A. become a farmer B. seize his neighbor's land C. manufacture automobiles D. travels into outer space. Land Land includes natural resources that are found on Earth. Play this game to review Business. Marshall has defined land as, “the materials and the forces which nature gives freely for man’s aid, in land and water, in air and light and heat.” The basic constraint in raising farm productions land which is a fixed factor of production. However, in economics, land, a factor of production, has a much wider scope. In literary sense, land is regarded as soil. HOTS Answer: The great increase in the production of food grains in our country during the last 40 years, due to use of high yielding variety (HYV) of seeds, and other inputs is known as the Green Revolution. Land as a Factor of Production . C. Physical Capital. All natural resources either on the surface of the earth or below the surface of the earth or above the surface of the earth is Land. A factory building is an example of which factor of production? 14. It can also be a renewable resource, such as timber. That includes commodities such as oil and gold. Factors of production have been categorized into four types. To create supply of lower positions in the offices it no production is indispensable for production because without no! Of production? a would include the factory workers, managers and people of lower positions in offices! It no production is indispensable for production because without it no production is possible the most abundant of... 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