Question

What were the main aims of production? Mention any four factors for production.​

Answer 1

Answer:

>>>> Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship. The first factor of production is land, but this includes any natural resource used to produce goods and services. ... Some common land or natural resources are water, oil, copper, natural gas, coal, and forests.

Answer 2

• Answer:

The aim of production is to produce goods and services to satisfy the needs of people as per their demand. Four factors for production of goods and services are as follows : Land Land and other natural resources such as water, forests, minerals etc. Labour or Workers The workers provide necessary labour for production.

Explanation:

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