Describe the different factors of production

1.	Describe the different factors of production
Answer» Factors of production1) 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.

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