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  • ICAR and TNAU E-Course Summarized

    Summarized Notes
  • Which is a passive factor of production?

    Question: Which is a passive factor of production?

    Options:

    Tractor
    Labor
    Capital
    Enterprises

    ✅Explanation: In economics, passive factors of production are those that cannot generate output on their own. They require human intervention or other active factors to be productive. Capital, which includes machinery, tools, buildings, and other man-made resources used in production, falls into this category. While capital is essential for production, it cannot function independently without the application of labor or entrepreneurship.
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