Which requirement for production is considered …

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Which requirement for production is considered the best?Give reason

Posted by Satyam Kumar 5 years, 3 months ago

CBSE > Class 09 > Social Science

2 answers

Arti Kumari 5 years, 3 months ago

Economic well-being is created in a production process, meaning all economic activities that aim directly or indirectly to satisfy human needs. The degree to which the needs are satisfied is often accepted as a measure of economic well-being. In production, two features explain increasing economic well-being.

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Yogita Ingle 5 years, 3 months ago

The main requirements for the production of goods and services are land, labor, physical capital, and human capital. Labour: This is the main requirement, people who will do the work.

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CBSE > Class 09 > Social Science