Social Sciences, asked by chinnumaari36, 2 months ago

what are the basic goods necessities for setting up factories​

Answers

Answered by Anonymous
5

Answer:

There are three basic resources or factors of production: land, labour and capital. The factors are also frequently labeled "producer goods or services" to distinguish them from the goods or services purchased by consumers, which are frequently labeled "consumer goods".

Answered by achu7237
0
Important factors to consider before starting a manufacturing business.
Demand for your product. ...
Setup costs. ...
Competition from other manufacturers. ...
Previous experience, knowledge and qualifications. ...
Finance available and finance options. ...
Business location. ...
Rules and regulations.
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