What is production and explain four factor of production
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The making of goods and services is called as production.
The four factors of production are
)Good material
)low and cheap workers
)market
)availability of resources
HOPE IT WILL HELP YOU
The four factors of production are
)Good material
)low and cheap workers
)market
)availability of resources
HOPE IT WILL HELP YOU
Answered by
2
The aim of production is to produce the Goods and services that we want .There r four requirements for production of goods Nd services.
The first is LAND.nd natural resources ..such as water, forest, minerals.
second is LABOUR --People who will do the work.
third is physical capital---ex..tools, machines, buildings......row materials Nd money ...they r called working capital.
fourth is----Human capital
hope it will helpful..... please mark brainlist
The first is LAND.nd natural resources ..such as water, forest, minerals.
second is LABOUR --People who will do the work.
third is physical capital---ex..tools, machines, buildings......row materials Nd money ...they r called working capital.
fourth is----Human capital
hope it will helpful..... please mark brainlist
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