What are the various requirements of production. Explain any two of them.
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Answer:
the four requirements of production of goods and services are land , labour , physical capital and human capital
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Answer: various requirements of production :
Land , labour , physical capital and human capital.
Explanation:
*Land - it is an important sources because the cost of land increases day by day.
*Human capital - human capital refers to production factors coming from human being, we use to create goods and services. It is also important because with human capital development will not be happen.
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