What are the factors required for production? Name the most important factor of all.
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Explanation:
Factors required for production are:-
a) Land
b) Labour
c) Physical Capital
d) Human Capital
★Land is the most important factor.
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Answer:
Factors of production is an economic term that describes the inputs used in the production of goods or services in order to make an economic profit. The factors of production typically include land, labor, capital, entrepreneurship, and the state of technological progress
The four factors of production are :
1. Land
2. Physical Capital
3. Labour
4. Human Capital
Explanation:
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