Factors of Production Class 8 Extra Questions and Answers SST Chapter 7

Students can keep Class 8 SST Extra Questions and Class 8th SST Chapter 7 Factors of Production Class 8 Important Extra Question Answer handy for quick reference during exams.

Class 8 SST Chapter 7 Factors of Production Extra Questions

NCERT Class 8 Social Science Chapter 7 Extra Questions on Factors of Production

Factors of Production Class 8 Very Short Question Answer

Question 1.
What is factor of production?
Answer:
The resources or raw materials, needed to create something new are called the factors of production.

Question 2.
List the factors of production.
Answer:
Land, capital, labour, technology and entrepreneurship.

Question 3.
Mention the key facilitators of a startup.
Answer:
Funds, infrastructure, raw materials are some key facilitators of a startup.

Question 4.
What is entrepreneurship?
Answer:
Entrepreneurship refers to setting up your own business to create a solution or a new product.

Question 5.
Mention any one challenge to human capital?
Answer:
Literacy.

Factors of Production Class 8 Short Question Answer

Question 1.
What responsibilities enterprises have towards their workers and employees?
Answer:
Employers must make sure that the workers and employees of their company are paid fairly and get a safe and creative work environment. They should ensure proper training for fresher and invest in skill developing workshops. They should introduce strict workplace laws and regulations to prevent any kind of discrimination.

Question 2.
Why should industries use ecofriendly resources?
Answer:
Industries should use eco-friendly and sustainable resources to reduce their harmful impact on the environment. Industries should often use recycled products as their new inputs to control the pollution causing activities and to replenish natural resources.

Question 3.
What is workplace right?
Answer:
Workplace rights refers to legal and ethical entitlements of workers at their place of work. This involves fair treatment, protection from discrimination, providing the benefits of healthcare and paid leaves.

Question 4.
Explain the term ‘dividend’.
Answer:
The companies raise capital, public buy them and become the shareholders or investors in their businesses. The companies offer a certain amount of money out of its profits to the shareholders. These payments can be both regular or time-bound and often vary depending on specific intervals during which the investors participate in the production plan.

Question 5.
What is stock market? How does it support production process?
Answer:
The stock market is a special type of market where people buy and sell shares of various large companies. Companies raise funds from public by offering them a share of profits or selling ownership. Using these funds, companies purchase advanced machines, tools, hire workers and expand their production.

Factors of Production Class 8 Long Question Answer

Question 1.
How are all the factors of production connected? Why is their coordination important?
Answer:
All the factors of production – land, labour, capital, technology and entrepreneurship are interconnected and work together in a fixed proportion. Many enterprises use more human capital, while others rely on technology. The proportion of these factors are crucial for production as if one is missing or misused the finished outcome might not be of perfect quality. In this case the production may also slow down or collapse. The advance technologies can suggest the amount or type of inputs needed to create a particular product.

Question 2.
How does the geographic distribution of resources affect the production process?
Answer:
The resources or inputs of production are spread out in all over the country. Enterprises and small organisations collect these resources from different areas and use them in production. This geographic distribution of resources helps them pick the best quality inputs for their products. But, sometimes, the production process faces major imbalance in supply chain and obstruction in productivity. If the inputs are being supplied from far away, companies might face delays in supply chain as seen during the COVID 19 pandemic.

Question 3.
What do the large companies do with the raised capital?
Answer:
The large companies often raise capital by issuing shares to the public. The gained money enables them getting new or more advanced technology equipment for their businesses. It ensures the expansion of their operations and helps them innovate new products and services. This way, they can efficiently contribute to economic development of the nation and fulfill the needs and demands of the society.

Question 4.
“India has had a rich legacy of skill based knowledge systems and workmanship.” Justify this statement.
Answer:
India’s rich legacy and skilled based knowledge is seen in its Ayurveda, yoga, crafts, architecture, textiles, infrastructure,
and carpentry etc. These systems combine practical learning with deep cultural heritage. Traditional artisans inherited these skills passed down through generations, showing how these skilled hands and minds contributed to India’s socio-economic development.

Factors of Production Class 8 Source Based Questions

Read the source given below and answer the questions that follow:
Human beings are central to economic activities and production processes as they apply their knowledge, skills, and decision-making abilities to create value in economic activities. For example, a police officer maintains law and order, a scientist discovers new technologies, a chef brings new recipes together, and so on. This is possible when workers possess the required knowledge, skills and have a healthy body and mind to perform good quality work. All these traits together comprise human capital, which depends on many things. Let’s learn more about them.

Questions 1.
How does human beings contribute to the production?
Answers:
By applying their skills, knowledge and decision making capacities to the economic activities.

Questions 2.
When does the production process become efficient?
Answers:
The production process becomes efficient when workers possess the required knowledge, skills and have a healthy body and mind to perform good quality work.

Questions 3.
How does a police officer contribute to society?
Answers:
A police officer contribute to the society by maintaining law and order.

Questions 4.
Mention two prime traits of human capital.
Answers:
Required skills and a healthy body.

Questions 5.
What role does healthcare play in uplifting human capital?
Answers:
Good health fosters cognitive development and improves our concentration.

Factors of Production Class 8 Competency Based Questions

Question 1.
Do you think factors of production can help mastering supply chain challenges. If yes, support your answer with an example.
Answer:
Yes, I think the factors of production might help mastering supply chain challenges if the industries rely on local resources of production. It reduces the dependency on distant suppliers and delay in supply especially during any natural calamity or human crisis. It can make production houses more resilient and better prepare to handle and overcome supply chain breakdowns.

Question 2.
Mention some disappeared traditional techniques of production you think were unique.
Answer:
Some disappeared traditional techniques of production includes: Natural dyeing with plant extracts, stone tool crafting, manual pottery wheels and indigenous irrigation methods. These techniques involved eco-friendly inputs and sustainable practices of production. The advancement in modern technology took over with the point of cost-efficiency and needing less human labour and over time the traditional methods of production faded and got lost into industrialisation.

Factors of Production Class 8 Picture Based Questions

Observe the picture given below and answer the questions that follow

Question 1.
Identify the picture.
Answers:
A boy is learning something through an online platform.

Question 2.
Mention the features of the shown technology.
Answers:
The online learning platforms are quite flexible and easy to access. We can learn anything we want, anytime and anywhere.

Question 3.
What can you learn through these platforms?
Answers:
We can learn skills like coding, doodling, content writing, and digital marketing etc.

Question 4.
List some benefits of learning through these platforms.
Answers:
We get to learn from updated study mate-, rials and can experience advance technological changes.

Factors of Production Class 8 Skill Based Questions

Question 1.
Create a table showing how different industries or organisations use different production factors to add value to their products.
Answer:
Each industry or organisation has its different factors of production that depends on the type of goods and services they produce:

Class 8 Factors of Production Extra Questions for Practice

A. Multiple Choice Questions

Question 1.
An entrepreneur’s vision for solving a problem helps to bring:
(a) Innovative goods and services
(b) Ordinary production scale
(c) Economical collapses
(d) New startup ideas

Question 2.
What is the major facilitator of human capital?
(a) Advance technologies
(b) Work experience
(c) Creativity
(d) Education and training

Question 3.
Use of toxic metals in production affects:
(a) Nation’s peace
(b) Job opportunities
(c) Quality of soil and water sources
(d) Workers

Question 4.
How does healthcare contribute to production?
(a) Allows salary hikes
(b) Supports cognitive development
(c) Reduce productivity
(d) Helps learn better

Question 5.
What do Indian societies and cultures promote?
(a) Philosophical knowledge
(b) Manufacturing
(c) Strong values (hard work)
(d) Infrastructure

B. Fill in the Blanks

• MSMEs
• Influence
• New technology
• Productivity
• Land

Question 1.
The challenge of creating cost-efficient solutions requires ______.

Question 2.
In Tamil Nadu, most of the footwear manufacturing is done by ______.

Question 3.
Healthcare increases ______ in workers.

Question 4.
_______ is an important factor of population.

Question 5.
The factors of production _______ each other and are interconnected.

C. State whether True or False

Question 1.
Very large companies raise capital by issuing shares to the public.

Question 2.
Products are made by transforming raw materials into finished outputs.

Question 3.
Land is a source of technology, required by the businesses or enterprises.

Question 4.
Ancient Indians used excellence to develop products with an amalgamation of kala(art).

Question 5.
Any production related activity does not require some form of technology.

D. Match the Columns
Question 1.
Match the terms given in Column A with their meanings given in Column B.

(i) A-(c), B-(e), C-(a), D-(b), E-(d)
(ii) A-(d), B-(c), C-(a), D-(e), E-(b)
(iii) A-(e), B-(a), C-(a), D-(b), E-(d)
(iv) A-(d), B-(e), C-(c), D-(a), E-(b)

E. Assertion and Reason Questions

There are two statements marked as Assertion (A) and Reason (R). Mark your answer as per the codes provided below:

Question 1.
Assertion (A): Education helps individuals gain knowledge, starting with basic literacy and extending to expertise in specific field.
Reason (R): Training is the prime and only facilitator of human capital.
Codes:
(a) Both (A) and (R) are true, and (R) is the correct explanation of (A).
(b) Both (A) and (R) are true, but (R) is not the correct explanation of (A).
(c) (A) is true, but (R) is false.
(d) (A) is false, but (R) is true.

Question 2.
Assertion (A): Human beings are central to all the economic activities in India. Reason (R): They apply their skills and decision making abilities to add value to the process.
Codes:
(a Both (A) and (R) are true, and R is the correct explanation of (A).
(b) Both (A) and (R) are true, but (R) is not the correct explanation of (A).
(c) (A) is true, but (R) is false.
(d) (A) is false, but (R) is true.

F. Very Short Answer Type Questions
Question 1.
Define land as the facilitator ofproduction.

Question 2.
Mention two types of human capital required for production.

Question 3.
Explain the term ‘labour’.

Question 4.
List any five inputs needed for ‘Pottery’. Question 5. What is shareholder?

G. Short Answer Type Questions

Question 1.
Mention two differences between capital intensive and labour intensive techniques.

Question 2.
Explain the term ‘final outcome’ in the production process.

Question 3.
Discuss about the challenges to human capital.

Question 4.
How does good health support children’s cognitive development? Explain and give one example.

H. Long Answer Type Questions

Question 1.
Why is an entrepreneur considered the pillar of a nation’s economy?

Question 2.
Briefly discuss any three factors of production.

Question 3.
Compare and contrast the significance of a family business and a startup.

Question 4.
What are the benefits India could gain from its demographic dividend?

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