Social Sciences, asked by ItzNiladoll, 7 days ago

What are factors of production​

Answers

Answered by Anonymous
2

Explanation:

In economics, factors of production, resources, or inputs are what is used in the production process to produce output—that is, finished goods and services. The utilized amounts of the various inputs determine the quantity of output according to the relationship called the production function.

Answered by Itzking18
3

Answer:

Hërê is your answer dear:-

There are four factors of production i.e. land, labour, physical capital and human capital. The first requirement for production is land. Land as a production factor also includes other natural resources like water, forests and minerals found in the earth's crust.

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