Question

The quantity of production of goods and services depends on which two factors?

Answer 1

Explanation:

The utilized amounts of the various inputs determine the quantity of output according to the relationship called the production function. There are four basic resources or factors of Production: land, Labour, enterprise and Capital.

Answer 2

The utilized amounts of the various inputs determine the quantity of output according to the relationship called the production function. There are four basic resources or factors of Production: land, Labour, enterprise and Capital.