Describe the factors of production
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1 capital-the capital is the money required for the production
2 land - the production is done only on land and that is why land is a factor of production
3 Labour - u need some Labour for doing the production
4 transport - to earn more money you need to sell your production and for that you need a transport that is why transport is a factor of production
2 land - the production is done only on land and that is why land is a factor of production
3 Labour - u need some Labour for doing the production
4 transport - to earn more money you need to sell your production and for that you need a transport that is why transport is a factor of production
Shreyal1234:
I have a doubt on the land and transport
understand and read it very carefully u will understand
u r studying in which school
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