Question

What was the aim of production state in palmpur state any four requirement for production?

Answer 1

It is used for various purposes such as mining, agriculture, running an industry etc. It is an important requirement for production of goods and services. Without land, production is impossible.

Answer 2

The aim of production is to produce the goods and services that we want. There are four requirements for production of goods and services. They are:-

1) Land.

2) Labour or work force.

3) Physical capital.

4) Human capital.