Question

class 9
economics the story of village Palampur



What are the main factors of production. Explain briefly.
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Answer 1

For the production of services and goods of any type, there are four factors that are used in the production. They are land, capital, labor, and enterprise. Out of these four factors, the first and the most important factor is land.

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Answer 2

Answer:

Factors of production

Explanation:

1) Land

2) Labour

3) Physical Capital

i) Fixed Capital

ii) Working Capital

4) Human Capital

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