Question

Briefly describe all factors or requirements of production?​

Answer 1

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The four factors of production are land, labour, physical capital and human capital. 1 ) Land is the first factor and the basic requirement for production along with other natural resources like water and minerals. ... ⚪️ Working capital, which includes raw materials and the money in hand.

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Answer 2

Explanation:

1) labour- people how do the work

2) land- place where the production is done

3) capital - fixed capital ( instrument needed to do the work) and working capital ( money needed to do the work)

4). human capital