Breaking Down and Defining Production
Land
All the natural resources found on the Earth that is used in the during the production of the product.
Labour
The people used in the production using both their physical and mental abilities to create a product.
Capital
All non-natural resources used in the creation and production.
Entreprise
The management, organization and planning aspect of the business, it is separated from labour.
All the natural resources found on the Earth that is used in the during the production of the product.
Labour
The people used in the production using both their physical and mental abilities to create a product.
Capital
All non-natural resources used in the creation and production.
Entreprise
The management, organization and planning aspect of the business, it is separated from labour.