Question

What is the aim of production? Explain labour and human capital as the requirements for production of goods
and services. Fastest and correct answer gets Brainliest.

Answer 1

1. aim of production is to give us monetary help

Answer 2

The aim of production is to produce goods and services to fulfill our daily needs. there are four requirements of production that is land ,labour, fixed capital and human capital.

Human capital is one of the most important requirements of production.Human labour or entrepreneur puts knowledge a d enterprise which helps to put together land ,labour and capital in order to produce an output for self consumption or to sell in the market.

labour is also needed for production as it provides people who will do the work.some production a activities require highly educated workers to perform the necessary task while other production a activities require workers who can do manual work.each worker provides labour which is necessary for production

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