The production of a commodity in which a higher proportion of capital is used is known as

Related MCQs

• A tax levied as a proportion of the retail price of a commodity at the point of sale is called:
• If the change in demand for a commodity is at a faster rate than change in the price of the commodity, the demand is -
• A commodity for which demand increases at higher prices and falls at lower prices is termed as:
• Opportunity cost of production of a commodity is -
• Production of a commodity mostly through the natural process is an activity of -
• The demand of a commodity is a direct demand but the demand of a factor of production is called a -
• Capital output ratio of a commodity measures -
• The value of a commodity expressed in terms of money is known as -
• When average cost production (AC) falls, marginal cost of production must be -
• The real capital formation e.g., the production or maintenance of machinary or construction that will produce a stream of goods and services is called