Every production is the combination of land, labour, physical capital and human capital. What is this combination known as?(1 mark)
Hello, Production itself is known as the combination of land, labour, physical capital and human capital. In order to carry out a production we need a land ,the place to carry out the production labours to help in carrying out the production, physical capital required for transport and purchasing of materials. and a human capital to guide the labour to carry out the production. Regards,