MCQ
| a) | Land | 1) | Passive |
| b) | Labour | 2) | Initiator |
| c) | Capital | 3) | Natural resources |
| d) | Organisation | 4) | Perishable |
- A2 3 1 4
- ✓3 4 1 2
- C4 1 2 3
- D3 4 2 1
| a) | Land | 1) | Passive |
| b) | Labour | 2) | Initiator |
| c) | Capital | 3) | Natural resources |
| d) | Organisation | 4) | Perishable |
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| (a) | Adam Smith | (1) | Nature and significance of economic science |
| (b) | Alfred Marshall | (2) | Net economic welfare |
| (c) | Robbins | (3) | Principles of Economics |
| (d) | Samuelson | (4) | Wealth of nations |
| a) | Capital is the result of saving | N.W. Senior | |
| b) | Wage is the residual portion | J.S. Mill | |
| c) | Profit is the reward for risk 'taking' | Hawley | |
| d) | Interest is the reward for partingwith liquidity | Keynes | |