Which one of the following requirements is not necessary for the produ...
The correct answer is c
Land, physical capital(machinery) and skill of laborers is essential for the production of goods and services.
Rainfall is seasonal in nature and it is mainly required in the primary sector for the cultivation of crops which then is used as raw material by an industry to produce goods and services.
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Which one of the following requirements is not necessary for the produ...
Necessary Requirements for Production of Goods and Services
There are several requirements for the production of goods and services, including:
- Land: This refers to the natural resources used in production, such as forests, minerals, and water bodies. Land is a crucial resource in the production of agricultural goods and other raw materials.
- Labour: This refers to the human effort required in the production process. Skilled and unskilled workers are needed to operate machines, perform manual labor, and provide services.
- Human Capital: This refers to the knowledge, skills, and abilities of workers. It includes education, training, and experience that enable workers to perform their tasks more efficiently and effectively.
- Capital: This refers to the tools, machinery, and equipment used in the production process. Capital goods are necessary to increase productivity and efficiency.
Unnecessary Requirement for Production of Goods and Services
Irrigation Facilities are not a necessary requirement for the production of goods and services. While irrigation can be important in certain industries, such as agriculture, many goods and services do not require it. For example, manufacturing companies do not typically require irrigation facilities to produce their goods. Therefore, while irrigation facilities can be important in some cases, they are not a universal requirement for the production of goods and services.
Which one of the following requirements is not necessary for the produ...
Because here the question is about production of goods and services which is different from farming .In production of good and service we need capital, labour, land transport, electricity etc. things to produce a ready made product in market ex- shirt, shoes copies etc. so the right answer is option c
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