"For every farm activity there is a need of the factors of production". How far do you agree or
disagree with this statement? Comment.
Answers
Heya...
Yes for every firm there is a need of factors of production...
Explanation :-
Factors of production are the basic elements of any firm to start the working out the production process ...
These factors of production are :-
Land :- First required factor to set up the plant of production...
Labour :- Used to work as a human labour in the production process...
Capital :- Money investment that is used to buy all other factors of production...
Entrepreneur :- The owner of the firm which brings together all the factors of production....
So, we can conclude that without all these factors production is not possible in any firm...
Thank you
bank account is a financial account maintained by a bank or other financial institution in which the financial transactions between the bank and a customer are recorded. ... A customer may have more than one account.