Question

Name the factors that are required for production in village Palampur

Answer 1

Answer:

These factors of production are as follow:

Land- Land and other natural resources.

Labour- the people who do the work.

Market- The healthy competition.

Capital—Investment required in the business and the various inputs required at every stage

Answer 2

Answer:

There are four factors of production which are prevailed in Palampur.

These factors of production are as follow:

• Land- Land and other natural resources.

• Labour- the people who do the work.

• Market- The healthy competition.

• Capital—Investment required in the business and the various inputs required at every stage.