Question

what is the aim of productions

Answer 1

here is your answer

The aim of production is to produce the goods and services that we want. There are four requirements for production of goods and services. Land, Labour, physical capital and Human capital.

Factors of production are the resources that help to produce goods and services.

For example, Land, Labour, Market, Capital are the main factors of production

land : it is a great factor of production as is a solid surface on which production takes place.

labour : it helps in making the products and services.

market :market is an arrangement for free buying and selling activities for all and it give fair opportunities of earning to all

capital :Capital is a factor of production that helps in the production of other goods for Human Capital.

Answer 2

Answer:

The aim of production is to produce the goods and services that we want. There are four requirements for production of goods and services. Land, Labour, physical capital and Human capital.