Question

“There are four requirements for production of goods and services.” What are they and explain any three.​

Answer 1

Answer:

The main requirements for the production of goods and services are land, labor, physical capital, and human capital. Labour: This is the main requirement, people who will do the work.

Answer 2

Answer:

The main requirement for the people is production of good and services in our Coubtry

There are land,labour,physical Capital and Human Capital.So,Labour is the main requirement of earning and feeding them.