Question

Which of the following is considered as production in economics?
(a) Tilling of soil
(c) Preventing a child from falling into a manhole on the road
(b) Singing a song before friends
(d) Painting a picture for pleasure

Answer 1

Hello ❤️

Option A is correct..

Answer 2

Trilling of soil is considered as production in economics.

What are the factors of the production of the economy?

Labor:

• Labor are the people who are responsible for the production
• They are paid for their work depending upon their skills

Land :

• Land is used for the cultivation of crops by the farmers
• It is the investment for the buildings and commercial purposes

Capital:

• It is used for the production of goods and services
• It is used to purchase various types of machinery and tools