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Describe the different factors of production

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Describe the different factors of production

Posted by Shubham Gusain 7 years, 4 months ago

CBSE > Class 09 > Social Science

1 answers

Yogita Ingle 7 years, 4 months ago

Factors of production
1) Land-Land and other natural resources such as water,forests and minerals are important factors of production.
2)Labour-labour are the people who do work.Some production acitivities require highly qualify labour while some require labour who can do more of physical work.
3)Physical Capital -IT IS THE various inputs required at every stage during production.

4Thank You

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CBSE > Class 09 > Social Science