Practicing Success
Practicing Success
CUET Preparation Today
In the question given below there are 2 statements marked as Assertion (A) and Reason (R). Choose the correct alternative from the following options. Assertion (A)- Production is the outcome of combined efforts of 2 inputs i.e. land and labour. Reason (R)- Factors of production are paid for their services, therefore income is generated in the production process. |
Both (A) and (R) are true and (R) is the correct explanation. Both (A) and (R) are true but (R) is not the correct explanation of (A). (A) Is true but (R) is false. (A) Is false but (R) is true. |
(A) Is false but (R) is true. |
Production is the outcome of combined efforts of four inputs, also called factors of production - land, labour, capital and entrepreneur. These factors of production are paid for their services out of value of output, therefore income is generated in the production process. |
