Question

list the four requirements for any production activity

Answer 1

The four requirements for any production activity _
Cash in hand
Raw materials
Tools for production
Land

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Answer 2

The resources (input) used to produce final products (output) are termed as factors of production.

In economic terms factors of production can be defined as inputs that are used for the production of goods or services with the aim to make economic profit.

The factors, of production are the resources that include land, labor, capital, and enterprise.