Describe four requirements of productierad?
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The four requirements of production of goods and services are land, labor, physical capital and human capital.
Land - Land is the physical place where all the economic activity takes place. ...
Labor - It seems obvious, but things cannot be produced unless someone makes them. ...
Physical Capital - ...
Human Capital -
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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.
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