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ICSE Class X Notes 2024 : Economics : Factor of Production (Land & Labour)

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Swami Vivekanand International School (SVIS), Borivali, Mumbai

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ECONOMICS CHAPTER 1 Factor Of Produetion : Land land different fromn labour? |2 How does land differ from other factors of production with respect to itssupply? (2] A Explain briefly two factors affecting the productivity of land. (2 hMention two ways by which land differs from other factors of production. 12 Briefly explain two methods that increase land productivity. a Define land. Explain four characteristics of land as a factor of production. [2 b Define land. Explain the importance of land as a factor ofproduction. [5 at ia) Explain in brief the characteristics of land with respect to its supply and use. 5 (2] A1. (a) Afarmer in Punjab transports wheat from the farm to a flour mill. In this activity considered as production ? Why ? (2 ic) Improved technology affects the productivity of land. Explain this statement with the (2] help of suitable examples. Q1. e) Which is the only factor of production that earns profits ? Why ? 2 5. a Explain any three factors that affect productivity of land. State two characteristics of land that make it different from other factors of production. lc) Explain one contribution of land to production. bDefine land. Explain four characteristics of land. (5] (2) 5] CHAPTER 2 Factor of Production : Labour . la) Give two reasons as to why the division of labour is an advantage to the producer? el Define the term labour as a factor of production. a Mention two wavs by which efficiency of labour can be improved. a Give any five differences between product and process based division of labour. tidentify the tvpe of division of labour in an automobile industry. Explain. 2 12 (21 (5] (2 Define labour. Suggest three methods to improve the efficiency of Indian labour. I51 bdivision With theofhelp of asuitable example explain the meaning of geographical or territorial labour. IDiscuss any three advantages of division of labour. (5)

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