Question

explain in brief about the factors of production .
​

Answer 1

# HOLA MATE #

HERE IS YOUR ANSWER ⤵️⤵️⤵️⤵️

Factors of production is an economic term that describes the inputs used in the production of goods or services in order to make an economic profit. ... The factors of production include land, labor, capital, and entrepreneurship.

I HOPE IT HELPS YOU ❤️❤️

PLEASE MARK ME AS BRAINLIEST ❤️❤️

UJJAWAL ✌️✌️✌️✌️

FOLLOW ME ❤️❤️❤️❤️

GIVE ME THANKS BRO !!!!!!!!

Answer 2

Hey

The factors of production are :-

● Land

● Labour

● Capital

● Enterprise / marketing

■ Land :- land is the first and most important requirement for the production. Over the years, Land has been reduced and it resulted to the low production and increase in the price

■ Labour :- Labour is the next requirement but recently labour force has been decreased as machines are able to perform better than labours

■ Capital :- capital is nothing but the investment of the company on the production. There are two types of capital

▪ Fixed capital

▪ Working capital

■ Marketing :- Marketing is distribution of produced goods to the consumers. Nowadays rather than the producers distributers are in demand