Match the following 1. Land A.

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Target Exam

CUET

Subject

General Test

Chapter

General Knowledge

Topic

Economics

Question:

Match the following

1.	Land	A.	People who will do the work
2.	Labour	B.	Worker with knowledge and Skills
3.	Physical capital	C.	Natural resource
4.	Human capital	D.	Machines and Buildings

Options:

1-D, 2-A, 3-B, 4-C

1-C, 2-A, 3-D, 4-B

1-B, 2-A, 3-D, 4-C

1-B, 2-A, 3-C, 4-D

Correct Answer:

1-C, 2-A, 3-D, 4-B

Explanation:

There are four factors of production:

Land - The first requirement is land, and other natural resources such as water, forests, minerals.
Labour - The second requirement is labor, i.e., people who will do the work.
Physical capital - The third requirement is physical capital, i.e. the variety of inputs required at every stage during production.
Human capital - Fourth is human capital as you will need knowledge and enterprise to be able to put together land, labour and physical capital and produce an output either to use yourself or to sell in the market.