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Home Questions JJWQJFASUA
Target Exam

CUET

Subject

General Test

Chapter

General Knowledge

Topic

Economics

Question:

Which of the following is the most abundant factor of production in India?

Options:

Land 

Labour

Capital 

Entrepreneurship 

Correct Answer:

Labour

Explanation:

Out of the four factors of production i.e. land, labor, capital and entrepreneurship, "Labour" is considered as the most abundant factor of production. Also, India is a labor abundant nation, the reason why labor is hired at a cheap wage rate.

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