Question

what are the main factors in production of goods and services

Answer 1

Land,labour,physical capital and human capital

Answer 2

There are four main factors of production of goods and services. these include :

1.  Land : The physical space on which infrastructure of production is established.

2.  Labor : The work force is another factor of production.

3.  Capital : The money invested or borrowed is another main factor of production of goods and services.

4.  Entrepreneurship : The ideas and planning of a better business.