Question

what are the aims of production? what are the factors of production?​

Answer 1

The factors of production

Explanation:

• The main aim of the production of goods and services is to sell those services and goods in the market and earn a profit on the cost which is spent on the production of goods and services this is the primary aim of the production.
• In order to produce good and services we need fours basic things which are called a factor of production
• There are fours factors of production
• Land, labor, capital, and entrepreneur are the four major factor of production.

Learn more: Factor of production

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Answer 2

answer:

The factors of production

Explanation:

   The main aim of the production of goods and services is to sell those services and goods in the market and earn a profit on the cost which is spent on the production of goods and services this is the primary aim of the production.

   In order to produce good and services we need fours basic things which are called a factor of production

   There are fours factors of production

   Land, labor, capital, and entrepreneur are the four major factor of production.