Question

what is production and write the factors , 3marks question

Answer 1

Factors of production is an economic term that describes the inputs that are used in the production of goods or services in order to make an economic profit. The factors of production include land, labor, capital and entrepreneurship.

Answer 2

production means to grow for aim and services that we want

FACTORS OF PRODUCTION
•LAND
•LABOUR
•PHYSICAL CAPITAL
PHYSICAL CAPITAL IS FURTHER DISCUSSED INTO THREE
°human and fixed capital and raw materials