Question

What is the aim of production and what are its features?

Answer 1

is used for various purposes such as mining, agriculture, running an industry etc. It is an important requirement for production of goods and services. Without land, production is impossible. Rent is the remuneration for land


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Answer 2

Explanation:

Production Function: Meaning, Definitions and Features! Production is the result of co-operation of four factors of production viz., land, labour, capital and organization.