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Which of the following is considered production in Economics?
- a)Tilling of soil.
- b)Singing a song before friends.
- c)Preventing a child from falling into a manhole on the road.
- d)Painting a picture for pleasure.
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Which of the following is considered production in Economics?a)Tilling...
Production in Economics
Production in economics refers to the creation of goods and services using the available resources. It involves combining various factors of production such as land, labor, capital, and entrepreneurship to produce goods and services that satisfy human wants.
Tilling of Soil
Tilling of soil is considered production in economics because it involves the use of land and labor to produce agricultural products. Farmers use their labor to till the soil and plant crops, which are then harvested and sold in the market. This activity contributes to the economy by providing food for consumption and generating income for the farmers.
Other Options
Singing a song before friends, preventing a child from falling into a manhole on the road, and painting a picture for pleasure are not considered production in economics because they do not involve the creation of goods and services for the market. Singing a song before friends is a leisure activity that does not generate income, preventing a child from falling into a manhole on the road is a social responsibility, and painting a picture for pleasure is a hobby.
Conclusion
In conclusion, production in economics refers to the creation of goods and services using the available resources. Tilling of soil is considered production in economics because it involves the use of land and labor to produce agricultural products. Other activities such as singing a song before friends, preventing a child from falling into a manhole on the road, and painting a picture for pleasure are not considered production in economics.
Production in economics refers to the creation of goods and services using the available resources. It involves combining various factors of production such as land, labor, capital, and entrepreneurship to produce goods and services that satisfy human wants.
Tilling of Soil
Tilling of soil is considered production in economics because it involves the use of land and labor to produce agricultural products. Farmers use their labor to till the soil and plant crops, which are then harvested and sold in the market. This activity contributes to the economy by providing food for consumption and generating income for the farmers.
Other Options
Singing a song before friends, preventing a child from falling into a manhole on the road, and painting a picture for pleasure are not considered production in economics because they do not involve the creation of goods and services for the market. Singing a song before friends is a leisure activity that does not generate income, preventing a child from falling into a manhole on the road is a social responsibility, and painting a picture for pleasure is a hobby.
Conclusion
In conclusion, production in economics refers to the creation of goods and services using the available resources. Tilling of soil is considered production in economics because it involves the use of land and labor to produce agricultural products. Other activities such as singing a song before friends, preventing a child from falling into a manhole on the road, and painting a picture for pleasure are not considered production in economics.
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Which of the following is considered production in Economics?a)Tilling...
As tilling of soil is a economic activity...it is considered production
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Which of the following is considered production in Economics?a)Tilling of soil.b)Singing a song before friends.c)Preventing a child from falling into a manhole on the road.d)Painting a picture for pleasure.Correct answer is option 'A'. Can you explain this answer?
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Which of the following is considered production in Economics?a)Tilling of soil.b)Singing a song before friends.c)Preventing a child from falling into a manhole on the road.d)Painting a picture for pleasure.Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which of the following is considered production in Economics?a)Tilling of soil.b)Singing a song before friends.c)Preventing a child from falling into a manhole on the road.d)Painting a picture for pleasure.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is considered production in Economics?a)Tilling of soil.b)Singing a song before friends.c)Preventing a child from falling into a manhole on the road.d)Painting a picture for pleasure.Correct answer is option 'A'. Can you explain this answer?.
Which of the following is considered production in Economics?a)Tilling of soil.b)Singing a song before friends.c)Preventing a child from falling into a manhole on the road.d)Painting a picture for pleasure.Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which of the following is considered production in Economics?a)Tilling of soil.b)Singing a song before friends.c)Preventing a child from falling into a manhole on the road.d)Painting a picture for pleasure.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is considered production in Economics?a)Tilling of soil.b)Singing a song before friends.c)Preventing a child from falling into a manhole on the road.d)Painting a picture for pleasure.Correct answer is option 'A'. Can you explain this answer?.
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