Question

State the main factors for production of goods and services. Explain the same with the help of a flowchart.​

Answer 1

Answer:

i) The first requirement is land and other natural resources like water, forests, minerals, etc. (ii) The second requirement is labour, i.e., the people who will do the work. Some activities require educated workers to perform the necessary task and other activities require workers who can do manual work.

Answer 2

Explanation:

Here is your answer with flowchart