Discuss any three factors of
productioning activities
Answers
Answer:there are main four factors of production they are as follows land it includes the place where the production will be carried out second is labour it includes the person who will do the work which is required for production the labour it is of type one is well educated for doing and managing the staff and all production activities and second is who needs for manual work third is physical capital it includes working and fixed capital working capital is money in hand and raw material which is needed at every stage of production and second is fixed capital in which money is spent once and it works for many years such as building tools machines the last most important is human capital it needs enterprise and knowledge who will put together labour and physical capital for the production and for gaining benefit
Explanation: