Q- What are the main factors for production of goods and services?
Answer:- There are many factors for production of goods like:-
· The first and most important factor or assets that we need form production of goods is land and other natural resources
· The second need is of labors because we can’t manufacture anything at a medium or large scale without labors
· The third requirement is of physical instruments and input material
· The fourth and last requirement is of knowledge to develop or make any goods.