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11657644
Factors Of Production
Description
The 4 Factors of Production according to Business terms.
No tags specified
business studies
Mind Map by
Anna Summers
, updated more than 1 year ago
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Created by
Anna Summers
about 7 years ago
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Resource summary
Factors Of Production
Land
Natural Resources
Forests
Oil
Gas
Fields
Metals
Other Mineral Resources
Labour
Number of people available
For making products
Capital
Needs for the manufacture of Goods
Machinery
Finance
Equipment
Enterprise
Skill and risk taking ability of a person that
brings the factors of production together
to produce goods
to produce Services
E.g. Owner Of a Business
'Entrepreneur'
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