Economy, asked by amritanshraj1234, 9 months ago

What are the different factors of production for any good or service?

Answers

Answered by mehak3330
1

Ans:The different factors of production for goods are Land, Labour and Capital.

1) Land: This factor includes natural resources like land,water,etc which are used to produce goods.

2) Labour:Labour includes persons that contribute to produce goods.

3) Capital:Capital includes machines which help in producing goods.

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