Question

Discuss the important sources of production.

Answer 1

Explanation:

Land, labour, capitals, input which is used to produce out put

Answer 2

The following are the important sources of production:

1) Land

2) Labour

3) Capital

These sources or factors of production serve as the inputs for a production house or manufacturing unit and produce the final or finished product, which is known as the manufactured good.

In producing the manufactured good, the land is used to setup the manufacturing plant, the capital is used to buy the raw materials or the manufacturing units and labour is used to make the products.