what is the aim of production? state any four requirement needed for production of good and service
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The production aims to produce various goods and services for benefit of people.Its requirements are physical Capital,land,human capital and labour
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Aim of production :
•To produce goods and services
Four requirements needed for production of goods and services are stated below :
• Land
• Labour
• Physical capital
• Human capital
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•To produce goods and services
Four requirements needed for production of goods and services are stated below :
• Land
• Labour
• Physical capital
• Human capital
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