Economy, asked by tanks, 1 year ago

what are the important requirements of organisation of production


tanks: explain them in point wise for five marks

Answers

Answered by Lovinglady2001
6

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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