ICSE Class 8 Social Science Chapter 7 MCQ 5 — Factors of Production

Multiple choice question (MCQ) for ICSE Class 8 Social Science Chapter 7 (Factors of Production). Practice with answer and detailed explanation.

❓ Question

What is Factors of Production? Explain its significance with examples.

A) Factors of Production is directly proportional to the applied force
B) Factors of Production remains constant under all conditions
C) Factors of Production varies according to the fundamental principle ✓ Correct Answer
D) None of the above statements about Factors of Production are correct

📖 Explanation

The correct answer is C because Factors of Production follows the fundamental principle that governs its behavior under given conditions. Understanding this concept is crucial for solving related problems in this chapter.

📚 About This Chapter

This chapter covers Factors of Production in Class 8 Social Science. Students explore historical events, geographical concepts, political systems, or economic principles.

This MCQ tests your understanding of Factors of Production. Practice more MCQs to strengthen your grasp of key concepts and prepare effectively for ICSE board exams.

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