Economy, asked by sai111167, 11 months ago

basic requirement for facilitating production and distribution of goods and services for economic development.​

Answers

Answered by alinakincsem
13

Answer:

There are many important elements needed for such a situation to prevail.

But the most important basic requirement for facilitating production and distribution of goods and services for economic development is INFRASTRUCTURE. ​

Explanation:

Whenever there is an economic activity, it needs to be carried out with four factors of production.

Land,labour, capital and enterprise.

The entrepreneur being the risk taker to bring all resources on one platform. But infrastructure is most important for transportation.

Answered by bratislava
1

The basic need to facilitating production and distribution of goods and services is economic infrastructure.

Explanation:

  • The basic factors of production include the inputs that are needed to produce the finished goods and services as output. This is based on land, capital, and labor.  
  • Which are thus labeled as consumer goods. The primary factors like the land, labor facilitate to become the product but are significantly transformed into the production process.
  • The secondary factors include capital technology and entrepreneurship also.  These provide maximum benefits to the economy. Thereby creating economic infrastructure.

Learn more about the basic requirement for facilitating production and distribution of goods and services for economic development.

  • brainly.in/question/12813058 answered by  alinakincsem.
Similar questions