Economy, asked by parineeta31, 9 months ago

What is the first and foremost requirement for the production of goods and services?​

Answers

Answered by anushka3053
9

Answer:

The first and foremost requirement for the production of goods and services is the land and other factors of production like labour and capital.

Answered by singhamanpratap0249
47

Answer:

The four main requirements for the production of goods and services are:

  • (a) The first requirement is land and other natural resources.
  • (b) The second is labour i.e., people who carry out the work for production.

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