Question

write any two factors of production

Answer 1

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The factors of production' are land and labour.

Explanation:

• The 'factors of production' are land, capital, labour, and entrepreneurship. These are the inputs that are needed for the production of goods and services.

• These factors of production consist of elements and resources needed for the 'production of goods.

• .The land is a natural resource and consists of raw materials which are the resources needed for production.

• Labour is the human factor responsible for the 'production of goods'.

• The production process requires efficient labour with skills for theprocess of production.

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I hope my answer helps you....

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Answer 2

Factors of production ---

• Land
• Labour
• Capital
• Entrepreneurship.