THE FACTORS OF PRODUCTION

Description

Mind Map on THE FACTORS OF PRODUCTION, created by MATTEO TREZZI LARRAURI on 01/02/2021.
MATTEO TREZZI LARRAURI
Mind Map by MATTEO TREZZI LARRAURI, updated more than 1 year ago
MATTEO TREZZI LARRAURI
Created by MATTEO TREZZI LARRAURI almost 4 years ago
16
1

Resource summary

THE FACTORS OF PRODUCTION
  1. LAND
    1. NATURAL RISOURCES WE GET FROM NATURE
      1. WATER
        1. AIR
          1. PLANTS
            1. MINERALS
              1. ANIMALS
            2. LABOUR
              1. WORK BY THE POPLE NEED FOR THE PRODUCTION OF GOODS AND SERVICES
                1. THE INCOME EARNED BY LABOUR RESOURCES IS CALLED WAGES

                  Annotations:

                  • INCOME: Money that is earned
                  1. THE ENTREPENEURIS THE PERSON WHO COMES UP WITH AN IDEA FOR A BUSINESSES AND BRINGS THE REST OF THE FACTORS OF PRODUCTION TOGETHER
                2. CAPITAL
                  1. THE MAN-MADE RESOURCES USED TO PRODUCE GOODS AND SERVICES
                    1. TECHNOLOGICAL CPITAL
                      1. THE TECHNOLOGICAL RESOURCES LIKE iNTERNET SITES OR SOFTWARE
                      2. FINANCIAL CAPITAL
                        1. THE MONEY INVESTED

                          Annotations:

                          • INVESTED: To put money into a businesses in hope of profits
                        2. CAPITAL GOODS
                          1. THE MACHINERY, COMPUTERS, TOOLS, FACTORIES, OR OFFICE BUILDINGS
                      Show full summary Hide full summary

                      Similar

                      IB 1 Economics Unit 4 to 6
                      jinyoung1900
                      Forms of Business Ownership
                      James HERSH
                      Geography A2 case studies
                      A K
                      PRACTICA EL SPEAKING DEL FIRST
                      Diana GE
                      Revision Time Table
                      jessica3008
                      English Language Revision
                      saradevine97
                      Quick tips to improve your Exam Preparation
                      James Timpson
                      Cold War in Asia- Philippines, China and Korea
                      hannah_
                      GCSE Chemistry C1 (OCR)
                      Usman Rauf
                      Intake7 BIM L1
                      Stanley Chia
                      ECONOMICS
                      Hello World