whichb is the most important factor of production
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Human capital is the most important factor of production because you will need knowledge and enterprise to be able to put together land,labour and physical capital to produce an output either to use yourself or sell in the market.
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Explanation:
Hey there
..............
The four factors of production are :
1. Land
2. Physical Capital
3. Labour
4. Human Capital
___________ _____________
Human capital is the most important factor of production because it puts together land, labour and physical Capital and produce an output either to use for self consumption or to sell in the market.
It includes the skilled and unskilled work force of a nation.
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