name the four factors of production also explain them
Answers
Answered by
0
Answer:
Land
Labour
Physical capital
Human capital
Answered by
0
Answer:
Hey mate heres your answer
Explanation:
The four factors of production are
- Land : land its the most importamt natural resource.
- Labour: some production activity requires highly educated workers to perform the necessary tasks. Other requires workers who can do manual work. Each worker is providing the labour necessary for production.
- Physical capital: the variety of inputs required at every stage during production.
- Human capital : when knowledge and enterprise are pit together it is called as human capital.
Similar questions
Chemistry,
4 months ago
Math,
4 months ago
Math,
4 months ago
English,
9 months ago
World Languages,
9 months ago
India Languages,
1 year ago