Question

Fill in the blanks:
1The aim of production is to produce the
and
that we want.
2 There are
Requirements for production of goods and
services.
3Every production is organized by combining ............., ............,
P....
and H.......
which are known as factors
of production.
4Fill the empty circles with the factors of production-
FACTORS OF
PRODUCTION
....

Answer 1

Answer:

Land, labour, capital and entrepreneur

Explanation:

these all gives Factor services also like

land- rent

labour - wages

capital - interest

entrepreneur- profit

household receive factor services from firm...