Question

what are the four requirements for production? explain the importance of any one of these.plz answer if u know................................​

Answer 1

Explanation:

The four requirements of production of goods and services are land, labor, physical capital and human capital. Land is the physical place where all the economic activity takes place. Land plays an important part in production because land itself and the resources on it are usually limited

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Answer 2

☆Given

Answer

1. capital
2. Human labour
3. Raw material
4. Transportation

Explanation

1. Capital:- This is essential for running the production or giving daily wages to labour

2.Human labour:-Human labour is required to continuously produce the production of the good

3. Raw material:- raw material is most important thing to make the finest good itself

4. Transportation :-This is one of the critical from above four,this help in to transport the finest good to all over the market.