"Every production is organised by combining land, labour, physical capital and human capital" explain
Answers
Answered by
95
Land,Labour and capital are the three basic factors of production. Every production is organised by combining land , labour , physical capital and human capital. Land is required to setting up the factories and industries. Capital is required to buy the machines and various other raw materials and labour is required to work upon that capital.
I guess...
Hope this was helpful
I guess...
Hope this was helpful
Similar questions