Question

what are the basics requirement of production explain​

Answer 1

Human capital is the fourth requirement of production of goods and services. Human capital is the knowledge and effort that is put into arrange for the other requirements like land, labor and physical capital to start the production of goods and services.

Answer 2

GOOD MORNING

YOUR ANSWER IS HERE

The four requirements of production of goods and services are:

1. land

2.labour

3.physical capital

4. human capital.

->Land (including all natural resources),

->Labor (including all human resources),

->Capital (including all man-made resources), and

->Enterprise (which brings all the previous resources together for production).

HOPE THIS WILL HELP YOU ☺