what is the aim of production state any four requirements for production
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The aim of production is to produce goods and services to satisfy the needs of people as per their demand. Four factors for production of goods and services are as follows : Land Land and other natural resources such as water, forests, minerals etc. Labour or Workers The workers provide necessary labour for production.
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What is the aim of production state any four requirements for production?
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.
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