What are the four requirements for production?explain the importance of any one of these.
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Land, Labour, Physical capital and Human capital are the four requirements for production. Human capital is very important because without this capital(knowledge and enterprise), you cannot put together Land, Labour and Physical capital.
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Answer:capital
human labour
raw material
transportation
Explanation:. 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
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