What is the aim of production?
The aim of production is to produce the goods and services that we want. There are four factors of production: (i) Land. The first requirement of production is land, and other natural resources such as water, forests, minerals.
What are the requirements of production?
The four requirements of the production of goods and services are land, labor, physical capital, and human capital.
What is the aim of production what are the four requirements of production?
Answers. Aim of Production :-The aim of production is to produce the goods and services to generate wealth that we want for ourselves. There are four requirements needed for the production of goods and services which are land, labour, capital and Human Capital or Entrepreneur.
What is the basic aim of production what are the essential four requirements for production class 9?
Basic aim of production was to produce goods and services that we want. Four requirements for production of goods and services were:1. Land and other natural resources like water forests minerals Labour i.e. people who would do the work. 2.
What is the first requirement of production?
land
Answer: The four main requirements for the production of goods and services are (a) The first requirement is land and other natural resources. (b) The second is labour i.e., people who carry out the work for production.
What are the requirements of production class 9?
There are four factors of production i.e. land, labour, physical capital and human capital.
What is the aim of production state and explain any four requirements for production?
Four requirements for production of goods and services were: Land and other natural resources like water, forests, minerals Labour, i.e. people who would do the work. 2. Each worker is providing the labour necessary for production. 3.
What is the aim of production state any four requirements for the production of goods and services?
The aim of production is to produce goods and services to satisfy the needs of people as per their demand. Four factors for production of goods and services are as follows : Land Land and other natural resources such as water, forests, minerals etc. Labour or Workers The workers provide necessary labour for production.
What are the main requirements for production to be successful?
Adequate Production Quality. Poor in-process quality often leads to unplanned scrap and rework events.
What is the aim of production class 9?
Aim of Production :-The aim of production is to produce the goods and services to generate wealth that we want for ourselves. There are four requirements needed for the production of goods and services which are land, labour, capital and Human Capital or Entrepreneur.
What are the requirements for effective production planning and control?
What are the 4 types of production?
Four types of production
- Unit or Job type of production.
- Batch type of Production.
- Mass Production or Flow production.
- Continuous production or Process production.
What is the aim and factors of production?
The aim of production is to produce the goods and services that we want. There are four requiremens for production of goods and services. Land, Labour, physical capital and Human capital.Factors of production are the resources that help to produce goods and services.For example, Land, Labour, Market, Capital are the main factors of production.
What are the four basic requirements for production?
There are four requiremens for production of goods and services. Land, Labour, physical capital and Human capital.Factors of production are the resources that help to produce goods and services.For example, Land, Labour, Market, Capital are the main factors of production
What are the 4 factors of production in economics?
Land, Labour, physical capital and Human capital.Factors of production are the resources that help to produce goods and services.For example, Land, Labour, Market, Capital are the main factors of production Land : It is a great factor of production as is a solid surface on which production takes place.
Why do we need working capital for production?
Also, some money is always required during production to make payments and buy other necessary items. Raw materials and money in hand are known as working capital because they are used up in production. (iv) Human Capital. The last but not the least is human capital without which we cannot produce best results.