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4. List the four factors of production.5. When does population become Human Capital?6. What are the two main causes of Poverty in India?7. Explain Universal Adult Franchise |
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Answer» 4.Economists divide the factors of production into four categories:land, labor, capital, and entrepreneurship. 5.Human capital refers to any skill or aptitude for the job that a person possesses. Human capital, in simple terms, refers to any skill, additional knowledge or job aptitude that an employee possesses. This kind of capital is extremely beneficial not only for the long-run of the business but for the short-term as well. 6.Causes of poverty are changing trends in a country's economy. Associated with thelackof education, a culture of poverty,overpopulation,epidemic diseases. 7.Universal Adult Franchise means that the right to vote should be given to all adult citizens without the discrimination of caste, class, colour, religion or gender. It is based on equality, which is a basic principle of democracy. Like If you find it useful |
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