Class8 Social Studies Chapter7 QA

By dk -

Class 8 NCERT – Exploring Society: India and Beyond

CHAPTER 7: Factors of Production

1-Mark Questions

Q1. What are factors of production?
Ans: Factors of production are resources used to produce goods and services.

Q2. Name the four factors of production.
Ans: Land, Labour, Capital, and Entrepreneurship.

Q3. What does ‘land’ include as a factor of production?
Ans: All natural resources like soil, water, forests, and minerals.

Q4. What is labour?
Ans: Labour refers to human physical and mental effort used in production.

Q5. What is capital?
Ans: Capital includes man-made goods used for further production.

2-Mark Questions

Q1. Explain land as a factor of production.
Ans:
Land includes all natural resources provided by nature.
It is essential for agriculture, mining, and construction.

Q2. What is entrepreneurship?
Ans:
Entrepreneurship is the ability to organize other factors of production.
An entrepreneur takes risks and makes decisions.

Q3. Write two examples of capital.
Ans:

  1. Machines
  2. Tools

Q4. Why is labour important in production?
Ans:
Labour converts raw materials into finished goods.
Without labour, production cannot take place.

5-Mark Questions

Q1. Explain the four factors of production.
Ans:
The four factors of production are:

  1. Land – Natural resources like soil, water, minerals.
  2. Labour – Human effort, both physical and mental.
  3. Capital – Man-made resources like machines, tools, buildings.
  4. Entrepreneurship – Organizes production, takes risks, and makes decisions.
    All four factors are necessary for production.

Q2. Why is entrepreneurship considered an important factor of production?
Ans:
Entrepreneurship brings all factors together.
The entrepreneur takes risks.
He/she makes production decisions.
Ensures efficient use of resources.
Without entrepreneurship, production cannot start.

Q3. Differentiate between land and capital.

Land Capital
Natural resource Man-made resource
Fixed in supply Can be increased
Includes soil, water Includes machines, tools


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