Question

what is production & what are the
factor of Production​

Answer 1

Answer:

The four factors of production are inputs used in various combinations for the production of goods and services to make an economic profit. The factors of production are land, labor, capital, and entrepreneurship. To put it in different terms, the factors of production are the inputs needed for supply

Answer 2

$\huge\mathfrak\red{Heya!}$

production:− ɪᴛ ɪꜱ ᴛʜᴇ ᴘʀᴏᴄᴇꜱꜱ ᴏꜰ ᴘʀᴏᴅᴜᴄɪɴɢ ɢᴏᴏᴅꜱ ᴀɴᴅ ꜱᴇʀᴠɪᴄᴇꜱ. ɪᴛ'ꜱ ᴍᴀɪɴ ᴀɪᴍ ᴏꜰ ᴘʀᴏᴅᴜᴄᴛɪᴏɴ ᴛᴏ ᴘʀᴏᴅᴜᴄᴇ. ᴛʜᴇ ɢᴏᴏᴅꜱ ᴀɴᴅ ꜱᴇʀᴠɪᴄᴇꜱ ᴛʜᴀᴛ ᴡᴇ ɴᴇᴇᴅ ɪɴ ᴅᴀɪʟʏ ʟɪꜰᴇ.

factors of production:− ᴇᴠᴇʀʏ ᴘʀᴏᴅᴜᴄᴛɪᴏɴ ɪꜱ ᴏʀɢᴀɴɪꜱᴇᴅ ʙʏ ᴄᴏᴍʙɪɴɪɴɢ ʟᴀɴᴅ, ʟᴀʙᴏᴜʀ, ᴘʜʏꜱɪᴄᴀʟ ᴄᴀᴘɪᴛᴀʟ ᴀɴᴅ ʜᴜᴍᴀɴ ᴄᴀᴘɪᴛᴀʟ,ᴡʜɪᴄʜ ɪꜱ ᴋɴᴏᴡɴ ᴀꜱ ꜰᴀᴄᴛᴏʀꜱ ᴏꜰ ᴘʀᴏᴅᴜᴄᴛɪᴏɴ.

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