T1 ECONOMICS CH1 Poduction — Social Science STD 7 — Question

There are two kinds of factors responsible for production.

1. Primary factors
2. Derived Factors

Primary Factors:
The primary Factors are land and labour. These are naturally given and without them, no goods can be produced.

Derived Factors:
Derived factors are capital and organization. These derived factors, when combined with the primary factors of production raise total production.