Question

the source of production activity

Answer 1

the source of production activity are first requirement is land and other natural resources such as water forest minerals II requirement is land labour people who will do the work some production activities required highly educated workers to perform the necessary task other activities required workers who can do manual work each workers is providing the labour necessary for production III requirement is physical capital the variety of inputs required at every stage during production what are the items that comes under physical capital or tools machines buildings tools and machines ranges from very simple tools such as a farmers plough to too complicated machine such as generator turbines computer extra missions buildings can be used in production over many years and are called fixed capital requirements are working capital and human capital.