Factors of production
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Last updated 2:26 PM on 4/18/25
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5 Terms
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CELL
Capital, Enterprise, Labour, Land
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Capital
The assets and machinery needed in the production process to transform resources into goods.
3
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Enterprise
The decision making and risk taking when combining the other factors to produce goods.
4
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Labour
physical human work put in to transforming resources into goods
5
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Land
the primary resources involved in production
Note 
Flashcards (31)