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ICSE Class 10 Factors of Production: Land, Labour, Capital & Enterprise — practice questions — page 4

Explore 96 free Factors of Production: Land, Labour, Capital & Enterprise questions in ICSE Class 10 Economics. Open each question or exercise to read its content, reference answers and available explanation.

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Factors of Production: Land, Labour, Capital & Enterprise questions and exercises with answers

Showing questions 91–96 of 96.

Match Penrose theory: 1. Penrose: p. Team 2. Firm: q. Resources 3. View: r. EnterpriseRead the answer and worked solution →Match intangible forms: 1. Human: p. Tacit 2. Brand: q. Goodwill 3. IP: r. PatentRead the answer and worked solution →Match Kirzner view: 1. Alert: p. Opening 2. Gap: q. Price diff 3. Step: r. DiscoveryRead the answer and worked solution →Match valuation limits: 1. Used: p. Old asset 2. Price: q. Revalue 3. Soft: r. IntangibleRead the answer and worked solution →Match Say origins: 1. Root: p. Undertake 2. Say: q. Shift input 3. Yield: r. High gainRead the answer and worked solution →Match market vision: 1. Eye: p. Unmet need 2. Gap: q. Underserved 3. Taste: r. DemandRead the answer and worked solution →

Worked practice questions

Match Penrose theory: 1. Penrose: p. Team 2. Firm: q. Resources 3. View: r. Enterprise

  1. 1-p, 2-q, 3-r
  2. 1-p, 2-r, 3-q
  3. 1-q, 2-p, 3-r
  4. 1-r, 2-p, 3-q
Show answer and solution

Correct answer: A. 1-p, 2-q, 3-r

Edith Penrose highlighted the collective nature of entrepreneurial teams coordinating heterogeneous resource combinations.

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Match intangible forms: 1. Human: p. Tacit 2. Brand: q. Goodwill 3. IP: r. Patent

  1. 1-p, 2-q, 3-r
  2. 1-p, 2-r, 3-q
  3. 1-q, 2-p, 3-r
  4. 1-r, 2-p, 3-q
Show answer and solution

Correct answer: A. 1-p, 2-q, 3-r

Modern economics recognizes intangible capital assets including human competencies, brand goodwill, and organisational infrastructure.

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Match Kirzner view: 1. Alert: p. Opening 2. Gap: q. Price diff 3. Step: r. Discovery

  1. 1-p, 2-q, 3-r
  2. 1-p, 2-r, 3-q
  3. 1-q, 2-p, 3-r
  4. 1-r, 2-p, 3-q
Show answer and solution

Correct answer: A. 1-p, 2-q, 3-r

Israel Kirzner depicted the entrepreneur as alert to undiscovered price discrepancies, moving markets toward equilibrium.

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