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प्रश्न
What do you mean by factors of production? Name them.
लघु उत्तर
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उत्तर
All those goods and services which are used to produce other goods and services are called factors of production.
Things which help in production are grouped into two parts.
- Primary Factors: Consists of land, labour, capital and enterprise/organisation.
- Secondary Factors: Consists of raw material, fuel, etc. which are obtained from primary factors.
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