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Class 8 Factors of Production worksheet
CBSE Social Science. Land, labour, capital and entrepreneurship, human capital, interest and dividends, supply chains and CSR. Every sheet has 20 questions in three sections and an answer key, and the numbers change every time.
Sample questions
Real questions from this chapter, as the app sets them. Tap Answer to see the answer and working.
Section A · multiple choice
- 1.
In economics, “land” includes:
- only buildings
- only money
- only farmland
- all natural resources such as soil, water and minerals
Answer
(d) all natural resources such as soil, water and minerals
- 2.
Which factor of production is a carpenter’s work?
- technology
- entrepreneurship
- labour
- capital
Answer
(c) labour
- 3.
Which term means money paid for borrowing money?
- kaizen
- dividend
- interest
- human capital
Answer
(c) interest
Section B · short answer
- 4.
Name the four factors of production.
Answer
Land, labour, capital and entrepreneurship (with technology as an enabler).
- 5.
Name the factor of production: (a) water used in a factory (b) an oven in a bakery
Answer
(a) land (b) capital
Section C · long answer
- 6.
Explain the four factors of production using a restaurant as an example.
Answer
Land: the site and water; labour: cooks and helpers; capital: the kitchen equipment and money; entrepreneurship: the owner who started it and takes the risks.
Fresh sheets for your child
In the app, every Factors of Production sheet is new: the app remembers the questions your child has already had and leaves them out. Print the sheet as a PDF, or use notebook mode and write the answers in a notebook.
Coming soon for Android and iPhone.