Question

please guys answer it ​

Answer 1

Answer:

there is four factors of production.

1) Land

2) Labour

3) Physical capital

4) Human capital

Explanation:

1) Land - it is the first factor of production on which construction and cultivation happen.

2) Labour - it is the second factor of production.

it is the human effort.

3) Physical Capital - it is the variety of inputs required at every stage of production.

4) Human Capital - it is the knowledge and enterprise to be able to put all others factor of production to produce an output either to use for self or to sell in the market.

Answer 2

Disagree with this statement because land is not the only factor of production.
There are 4 factor of production:-
1. Land
2. Labour
3. Capital
4. Entrepreneur