Question Detail

GST 112 Study Session 9: Political Economy and Culture of Underdevelopment In Nigeria Objective Question
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Question

The 'means of production' as described in the text, refers to which two main components?
Options
A Capital and labor.
B Land and financial resources.
C Objects of labor and instruments of labor.
Correct Answer
D Human capital and natural resources.
Correct Answer

Option C is the correct answer.

Detailed Explanation

The text states: 'To be able to work on land, man devises or fabricates means or instruments of labour. It is the objects and means of labour that constitute the means of production.'

Hint

Consider what a person 'applies' effort to and what tools they use in production.

Question Info

Course: GST 112
Topic: Study Session 9: Political Economy and Culture of Underdevelopment In Nigeria
Type: Objective
Difficulty: Not specified
Question 543 of 1270
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