Question

Mention any two factors of production

Answer 1

The two factor of production are as follows-

1.population

2.Location of site..

Answer 2

Land, Labour, and capital are factors of production.

EXPLANATION:

The land is the major factor and played a vital role in the production, the land is occupied and captured from ancient times. The land is one’s identity for human beings and it had several resources so land is the strategic factor of production.

Labour is the factor that means human resources who converted from raw material to finished products. Capital is a need for any type of production, without capital factor then land and labor are useless factors of production, so modern society respects the person who invests capital.