what is production what are the factors of production
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Answered by
52
when anything is produced that called production
it's factor are
1) availability of water
2) availability of transportation
3) availability of resources
4) availability of technology
5) availability of human skill
it's factor are
1) availability of water
2) availability of transportation
3) availability of resources
4) availability of technology
5) availability of human skill
Answered by
81
The process in which goods and services are produced for consumption is known as production.
The four factors of production are -
- Land
- Labour
- Human capital
- Physical capital
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