Immortal factor of production is:
Immortal factor of production is:
organization | |
capital | |
labour | |
land |
organization | |
capital | |
labour | |
land |
organization | |
land | |
labour | |
capital |
capital | |
labour | |
organization | |
land |
capital | |
organization | |
land | |
labour |
capital | |
organization | |
land | |
labour |
Marshall | |
Pigou | |
Adam Smith | |
Robbins |
labour has limited mobility | |
supply of labour is inelastic | |
labour can be stored | |
labour and labourer cannot be separated |
working of a clerk in an office | |
teaching of a teacher in a school | |
to follow a judicial case by lawyer | |
to look after the child by his mother |
labour | |
organization | |
land | |
capital |
Organization | |
Labour | |
Land | |
Capital |
Land | |
Labour | |
Capital | |
Organization |
Land | |
Labour | |
Capital | |
Organization |
forests | |
rain | |
Mangla Dam | |
mountain |
two | |
three | |
four | |
one |
3 | |
2 | |
5 | |
4 |
increases | |
decreases | |
becomes zero | |
remains constant |
Perfectly inelastic | |
Elastic | |
Perfectly elastic | |
Less elastic |
10% | |
0.5% | |
Zero | |
20% |
Expansion of demand | |
Contraction of demand | |
Fall of demand | |
Rise in demand |
inelastic | |
More elastic | |
Infinite elasticity | |
Less elastic |