Practicing Success
Practicing Success
CUET Preparation Today
Which of the following is true in regards to natural resources used in production? |
Natural resources are consumed in production process Natural resources can be used as fixed capital Both 1 and 2 Neither 1 nor 2 |
Both 1 and 2 |
The correct answer is option 3: Both 1 and 2 To carry out production entrepreneurs need natural resources – a part consumed in the process of production (e.g. raw materials) and a part fixed (e.g. plots of land). |
