Question

what is the aim of production state any four requirements for production​

Answer 1

Answer:

Answer: Production mainly aims at producing goods and services that we want. REQUIREMENTS FOR PRODUCTION: 1)Human capital;the knowledge and enterprise of human is needed to put together land,labour, and physical produce an output.

Answer 2

The aim of production is to produce the goods and services that we want . There are four requirements for production of goods and services. They are:-

1) Land.

2) Labour or work force.

3) Physical capital.

4) Human capital.