Social Sciences, asked by pratimapradhan19981, 6 months ago

31. What is production? What are the factors of production? Explain with examples.
tion in Human capital formation?

Answers

Answered by MonikaJagat

Explanation:

Production is a process of combining various material inputs and immaterial inputs (plans, know-how) in order to make something for consumption (output).

Factors of production are the inputs needed for the creation of a good or service. The factors of production include land, labor, entrepreneurship, and capital.

Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship. The first factor of production is land, but this includes any natural resource used to produce goods and services. This includes not just land, but anything that comes from the land.

Answered by mayanksinha872

Answer:

so sorry i do not help you

Previous Question

Next Question

Similar questions

English, 3 months ago

(b) Correct any ten of the following sentences (1) Politics are a dirty game. (ii) The jury have given its verdict. (iii) None can dare to touch me. (iv) I know swimming. (v) I have money enough to buy a car. (vi) (vii)it's is very hot to go out. They invited us for dinner. (viii) He is in hurry. (ix) I need few days' rest. (x) The virtue is its own reward. (xi) He seldom or ever comes late.

Math, 3 months ago

(xiii) (1-2x) + (1+2x) 1 = _ (4x+1) + (x-3) 2...

Science, 3 months ago

state any one significance of the high specific heat of water.