The chapter “Factors of Production” in NCERT Class 8 SOCIAL SCIENCE introduces students to the essential resources used in the production of goods and services. It explains the four main factors of production: land, labor, capital, and entrepreneurship, highlighting their roles and importance in economic activities. The chapter emphasizes how these resources are combined efficiently to produce goods, generate income, and contribute to economic growth.
Through real-life examples and case studies, learners understand issues like resource scarcity, optimal utilization, and sustainable development. The NCERT Class 8 SOCIAL SCIENCE – Factors of Production chapter enhances analytical thinking, helps students connect economic concepts to everyday life, and lays a foundation for understanding production, business, and economic planning in India and beyond.
