Sectors of production

what is NOT included in three basic questions of every economic system

• what to produce

• why to produce

• how to produce

• for whom to produce

_______ It is an economic system where all or most

of the resources are owned and controlled

by private individuals.

• market

• command

• mixed

• traditional

______ It is defined as an

economic system where

all or most of the means

of productions are owned

and controlled by

government.

• market

• command

• mixed

• traditional

____ It is defined as a mixture of

Free Market Economy and

Centrally-planned Economy.

• mixed

• market

• command

• traditional

______ is an example of market economy

• india

• USA

• maldives

• north korea

____ it refers to a production process which use

more machineries and technology instead of labour.

• capital intensive

• labour intensive

• entreprenure intensive

• land intensive

labour intensive is ______

• when a good or service is produced by depending heavily on capital power than any other factors of production.

• when a good or service is produced by depending heavily on rocks

• when a good or service is produced by

  depending heavily on labour or man power than any other factors of

  production.

• when a good or service is produced by depending heavily on life power than any other factors of production.

what are the three methods of production

• job

• batch

• capital

• flow

It involves in the extraction of natural

resources and is the only sector that makes

direct use of natural resources.

• primary

• secondary

• tertiary

car manufactoring is _____ sector

• primary

• secondary

• tertiary