Question

What are the 4 requirements need for production​

Answer 1

Answer:

Factors of production are the resources people use to produce goods and services; they are the building blocks of the economy. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.

Explanation:

The main requirements for the production of goods and services are land, labor, physical capital, and human capital.

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Answer 2

Explanation:

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