Question

What are factors of production in palampur village

Answer 1

Answer:

land capital labour are the paramour

Answer 2

There are four Factors of Production in plampur-

• Land-land is the basic factor For the production aalong with water and minerals.

• Capital-There are two types of capital

1. Fixed capital-Machines, Property
2. Working capital-Money ,Raw material.

• Labour- It is used to carry out the different work which is done in production..There is need for small labour as well as Education person

• Human capital-The use of knowledge and enterprise Which give oyutpurt by usig