Question

describe any three requirements for production

Answer 1

Answer:

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

Answer 2

Answer:

The requirements of the productions of goods and services are land, labor, physical capital and human capital.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.