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