Explain any three requirements for production (W) of goods and services. Key Concept \( = \) Fac...

Explain any three requirements for production
(W) of goods and services.
Key Concept \( = \) Factor of Production
Land \( = \) Land is a physical place where all activities takes place. It play important role in production.
Labour = It is second requirement. Labours are the people who will do the work. Some production activities require highly educated workers while other activities require workers who can do manual work.