asked 87.5k views
0 votes
What is india's factors of production on land use, labor force, capital and infrastructure?

1 Answer

4 votes

Final answer:

India's factors of production include land use, labor force, capital, and infrastructure.

Step-by-step explanation:

The factors of production are the resources used to produce goods and services. In India, the factors of production include:

  • Land Use: India has vast land resources that are utilized for agriculture, industry, and infrastructure development.
  • Labor Force: India has a large and diverse labor force, which is an important factor in the production process.
  • Capital: India has access to various sources of capital, including domestic and foreign investments, which contribute to the production of goods and services.
  • Infrastructure: India has been investing in the development of infrastructure, such as transportation, communication, and energy systems, to support production activities.

These factors of production play a crucial role in shaping India's economy and determining its ability to produce and distribute goods and services.

answered
User Ergonaut
by
8.5k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.