Social Sciences, asked by Anonymous, 5 months ago

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what are the four main factors of production?

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Answers

Answered by Rudranil420
5

 \huge \bold{ \underline{ \mathbb{ \blue{ANSWER}}}}

The four main factors of production are:-

Land

Labor,

Capital,

Entrepreneurship.

Explanation:

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Answered by Anonymous
6

\huge\bold{Answer:-}

The four main factors of production are as follows...

  • The first requirement is land.

  • The second requirement is labour. That is , people who will do the work.

  • The third requirement is physical capital. That is, the variety of inputs required at every stage during production.

Physical capital has two types :-

  • Fixed capital : Tools and machines.

  • Working capital : Raw material and money.

◇ There is a fourth requirement , that is Human Capital.

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