Question

A) Define the following. (1 marks each)



(3 marks)

1. Production.

2. Multiple cropping

3. Human capital​

Answer 1

1 ) The factors of production are land, labor, capital, and entrepreneurship. To put it in different terms, the factors of production are the inputs needed for supply. Mainly, the factors of production consist of any resource that is used in the creation of a good or service.

2 ) Multiple cropping enables the fertility of the soil.

3 ) Human capital refers to stock of knowledge, talent, skills and abilities brought in by the employee, to the organization. Nature. Tangible. Intangible. Formation.

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