How factors of production are organised in a village?
Answers
Answered by
1
Explanation:
Every production is organised by combining land, labour, physical capital and human capital, which are known as Factors of Production. There are 4 factors/requirements for the production of goods and services.
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Answered by
1
Answer:
land
labour
physical capital
a. working capital
b.fixed capital
human capital
Land is a very useful resource. it is mainly found 8n village for the purpose of agriculture
labour is present in abundant quantity
physical capital is by savings or by taking loan
human capital is to be skillful and eligible.
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