What are the 4requirement for production? Explain the importance of any one of this.
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four requirements are
1. land
2.labour
3.physical capital
4.human capital
WRITE ANY ONE IMPORTANCE YOU FIND BETTER EITHER IF LAND OR LABOUR
Importance of land: land is the one of the most important requirements for the production of goods and services.Land is the only thing on which we produce our requirements such as crops,factories....
Importance of labour: people who will do the work this is called labour some production activities required highly educated workers to perform the necessary task other activities required workers who can do manual work each worker is providing the labour necessary for production.
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1. land
2.labour
3.physical capital
4.human capital
WRITE ANY ONE IMPORTANCE YOU FIND BETTER EITHER IF LAND OR LABOUR
Importance of land: land is the one of the most important requirements for the production of goods and services.Land is the only thing on which we produce our requirements such as crops,factories....
Importance of labour: people who will do the work this is called labour some production activities required highly educated workers to perform the necessary task other activities required workers who can do manual work each worker is providing the labour necessary for production.
YOU U FOUND THIS ANSWER GOOD THEN PLZ MARK THIS AS A BRAINLIST ANSWER PLZ
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