Question

what is the aim of production . Explain the four factors of production of goods and survices? ​

Answer 1

Explanation:

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.

Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship. The first factor of production is land, but this includes any natural resource used to produce goods and services. ... The income that resource owners earn in return for land resources is called rent.

Answer 2

Answer:

land , labour, capital, organisation

Explanation:

the main aim of production is earning profit for this factors are production is important.These factors gives rent,wages,interest and profit