Question

What are the 4 requirements for the production of goods and services? Explain with examples.​

Answer 1

The four requirements of production of goods and services are land, labor, physical capital and human capital. Land is the physical place where all the economic activity takes place. Land plays an important part in production because land itself and the resources on it are usually limited.

Answer 2

Answer:

here you go

Explanation:

the four things required for the production of goods are-

1. mercenaries

2. raw material required to make an object

3. employees

4. industry