explain the production factors of Palampur
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Answer:Factors of production are the resources that help to produce goods and services. For example, Land, Labour, Market, Capital are the main factors of production.
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For the production of services and goods of any type, there are fourfactors that are used in the production. They are land, capital, labor, and enterprise. Out of these four factors, the first and the most important factor is land. Land includes other natural resources like forests, minerals, and water.
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