Question

Mention three requirements for production of goods and services

Answer 1

1- capital
2-manpower
3-latest technology

Answer 2

hey dear


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here is your answer


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three requriments are as follows

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1 ) Land


it's a very important physical place where all the economic acitivtites production takes place it's limited in supply it's a important resource



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2) Labour


it is another important requirements of production of goods and services Labour transfer the goods and services from one place to another that can be purchased by people to make money


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3 ) physical capital




physical capital it refers to needs of variety of things that are needed in different stages of production are tools, machinery etc


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hope it helps


thank you