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Production Analysis — Economics STD 11 — Question

Tamilnadu BoardEnglish MediumSTD 11EconomicsProduction Analysis2 Marks
Question
What are the characteristics of capital?
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Answer

  1. Capital is a man-made factor
  2. Capital is mobile between places and persons
  3. Capital is a passive factor of production
  4. Capital’s supply is elastic
  5. Capital’s demand is a derived demand
  6. Capital is durable

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