Discuss factors affecting production in economics.

QuestionsCategory: QuestionsDiscuss factors affecting production in economics.
Nasha Singh asked 11 months ago

factors affecting production in economics

1 Answers
Aftab Alam answered 11 months ago

There are many factors that affect Production in Economy:

  • Capital: The first thing affects the production in the economy is Capital.
  • Land:  after getting capital the second thing that affects production is LAND. because acquiring land is also a big thing and time has taken process.

  • Labour: Third and last point are Labour because the hiring of employees is also a time taking process. Because the company needs every level of employees.  

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