what is the aim of production state any four requirement needed for the production of goods and services
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the aim of production is to produce various kind of goods and services for the people .the four requirements needed for production are land ,labour ,physical capital and human capital .
land - land is the most important requirement for any kind of production .without land no production can be done .
labour is the abundant requirement of production .some labours who are educated are hired for the important works and some other labourers who are not educated are hired for the manual work.
physical capital -physical capital has been divided into two parts fixed capital and working capital . the fixed capital includes the machines and tools used during any production and are fixed over many years such as farmer's plough , sewing machine.the working capital includes the raw materials and money in hand which are used up in production such as the clay used by the potter .
human capital includes knowledge and enterprise without which no production can be done properly.
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land - land is the most important requirement for any kind of production .without land no production can be done .
labour is the abundant requirement of production .some labours who are educated are hired for the important works and some other labourers who are not educated are hired for the manual work.
physical capital -physical capital has been divided into two parts fixed capital and working capital . the fixed capital includes the machines and tools used during any production and are fixed over many years such as farmer's plough , sewing machine.the working capital includes the raw materials and money in hand which are used up in production such as the clay used by the potter .
human capital includes knowledge and enterprise without which no production can be done properly.
hope it will help you
if yes plz mark it as the brainliest answer
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