Question

what are the requirements for production of goods and services define them​

Answer 1

Answer:

HEY MATE HERE IS YOUR ANSWER

The requirements for production of goods and services are :

1. Land : land is the physical place where all economic activities take place .
2. Labour : it seems obvious but this cannot be produced unless someone makes them .
3. Physical capital: It refers to variety of inputs that are needed at different stages of production.
4. Human capital : It is the knowledge and effort that is put into arrange for other requirements .

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