Question

what are the factors of production in the village palampur ​

Answer 1

Answer:

=> Factors of production are the resources that help to produce goods and services. For example, Land, Labour, Market, Capital are the main factors of production.

Answer 2

These factors of production are as follow:

◆ Land- Land and other natural resources.

◆ Labour- the people who do the work.

◆ Market- The healthy competition.

◆ Capital—Investment required in the business and the various inputs required at every stage.