Question

describe production factors prevailed in palampur

Answer 1

There are four factors of production which are prevailed in Palampur.

These factors of production are as follow:

1. Land- Land and other natural resources

2. Labour- the people who do the work

3. Market- The healthy competition

4. Capital—Investment required in the business and the various inputs required at every stage.

Answer 2

Answer:

Factors of production are the resources that help to produce goods and services. For example, Land, Labour, Market, Capital are the main factors of production.

Explanation:

There are four factors of production

There are four factors of production which are prevailed in Palampur.

These factors of production are as follow:

Land- Land and other natural resources.

Labour- the people who do the work.

Market- The healthy competition.

Capital—Investment required in the business and the various inputs required at every stage.