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Solutions

Overview

Step-by-step NCERT solutions for Factors of Production (Chapter 7, NCERT Class 8 Social Science) — the full working for every question, not just the final answer. You can also read the Factors of Production textbook chapter.

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What these solutions cover

All 7 questions in Factors of Production are solved in the PDF. Here's what's inside, exercise by exercise:

Questions and Activities

  1. How are the factors of production different from each other?
  2. How does human capital differ from physical capital?
  3. How do you think technology is changing how people develop their skills and knowledge?
  4. Do you think entrepreneurship is the 'driving force' of production? Why or why not?
  5. Can technology replace other factors like labour? Is this good or bad? Support your answer with the help of an example.
  6. How do education and skill training affect human capital? Can they substitute for each other, or do they complement each other?
  7. Imagine you want to start a business that produces steel water bottles. What kind of inputs are needed? How would you obtain them? Suppose one of the factors is missing; what happens to your business operations?
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Read the Factors of Production textbook chapter / PDF, or browse all NCERT Class 8 Social Science solutions.

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