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Q.

To produce ____and services is the aim/objective of production.


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Detailed Solution

To produce goods and services is the aim/objective of production. Lands and other natural resources include water, minerals, and forests. Workers or Labour- The labour required for production is provided by the workers. They could be highly educated, illiterate, skilled, or unskilled individuals who could perform manual labour. Physical Capital is made up of different inputs that are necessary at various production stages.
 
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