Question

What is the aim of production? What are the various requirements of production of goods and services?​

Answer 1

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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.

Answer 2

Answer:

the aim of the production

Explanation:

Aim of Production :-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.

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