Question

what is the aim of production ​

Answer 1

Answer:

Aim of production is to produce goods and render services to the economy. a) The first factor of production is land, but this includes any natural resource used to produce goods and services.

Aim of Production :-The aim of production is to produce the goods and services to generate wealth that we want for ourselves. There are four requirements needed for the production of goods and services which are land, labour, capital and Human Capital or Entrepreneur.

Explanation: