Question

explain the various factors of production?

Answer 1

1. Land
2. Labour
3. Physical Capital
4. Human Capital

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@ AmyraSharma

Answer 2

factors of production are land labour physical capital and human capital first land it is a first requirement of production it contain various natural and manmade resources II labour people who do work some work are required highly educated worker to perform activities Force physical physical capital third requirement of production the various of input required at various stage of production 4th Human Capital it is a Force requirement of production various people put together land labour and physical capital and gain profit give the money for them all they need knowledge to keep the money for them are used for the market purpose