Question

what r the four requirements for production? explain the importance of any of these.plz answer if u know...................plz answer it in short...............​

Answer 1

Answer:

four requirements of production of goods and services are land, labor, physical capital and human capital.

Land - Land is the physical place where all the economic activity takes place. ...

Labor - It seems obvious, but things cannot be produced unless someone makes them. ...

Physical Capital - ...

Human Capital -

Explanation:

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Answer 2

Land, Labour, Physical capital and Human capital are the four requirements for production. Human capital is very important because without this capital(knowledge and enterprise), you cannot put together Land, Labour and Physical capital