Land is the space needed to build your building. It is also all the Natural Resources, e.g. oil, coal and Water. Labour is the workers the (employees) of your Business, e.g. sales people, accountants and cleaners.
Factors of Production - Poster 5
Nov 15, 2014
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Land is the space needed to build your building. It is also all the
Natural Resources, e.g. oil, coal and Water.
Labour is the workers the (employees)
of your Business, e.g. sales people, accountants and cleaners.
The Capitol is the Man-Made resources, e.g. factory, tools and
machinery. It is also the Finance investment.
The Enterprise is the ability of the owner or manager of a Business to
Use the other factors.
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