Question

Descaibe four requirements of production​

Answer 1

Answer:

The four requirements of the production of goods and services are land, labor, physical capital, and human capital. The land is the physical place where all the economic activity takes place. Land plays an important part in production because the land itself and the resources on it are usually limited.

Answer 2

Answer:

The four requirements of the production of goods and services are land, labor, physical capital, and human capital. The land is the physical place where all the economic activity takes place. Land plays an important part in production because the land itself and the resources on it are usually limited.