what is the aim of production describe four requirements of production
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aim of production is to produce things and services that consumers want.
requirements of production
* land : it is where the production will take place .like industries.there are also other factors such as water resources
* labour which is the person who is going to do the work involved in the process of production.they can be skilled or semiskilled
*capital or physical capital that is needed at every stage.this is divided into two types:fixed capital which is the capital that is one time investments like tools machinery and building and working capital which gets used up in production ex:raw materials and money in hand
* human capital the most important,it is the knowledge and enterprise which pus together the other factor
hope this helps you!!
please mark brainliest if it deserves!!!!!!!!
requirements of production
* land : it is where the production will take place .like industries.there are also other factors such as water resources
* labour which is the person who is going to do the work involved in the process of production.they can be skilled or semiskilled
*capital or physical capital that is needed at every stage.this is divided into two types:fixed capital which is the capital that is one time investments like tools machinery and building and working capital which gets used up in production ex:raw materials and money in hand
* human capital the most important,it is the knowledge and enterprise which pus together the other factor
hope this helps you!!
please mark brainliest if it deserves!!!!!!!!
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