Factors of Production

Factors of Production are the inputs and resources used in the business to manufacture a product or provide a service. It is mainly divided into 4 parts: land, labour, enterprise and capital.

Land is the space and natural resources use, while capital is the non-manufactured goods such as money and machinary. Labour is the physical and mental efforts from people, while enterprise is the management and planning. The business’s success and failures lies upon the entrepreneurs.


{ 8 comments… read them below or add one }

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Profile photo of 100295 100295 August 31, 2011 at 11:47 pm

Like everyone said, the layout is very clean and attractive, the amount of time spent working with the pictures surely is appreciated. The descriptions are also very detailed, especially the land and labour factors. I liked how you gave definitions of the terms just in case. Very helpful.


Profile photo of 084431 084431 August 31, 2011 at 9:08 pm

I really enjoyed the way you ordered your factors of production table. The way you ordered it is very clean for the reader to read it and also the alignment is almost perfect. with the addition of not only the information but the pictures give it that much more attraction. I would definitely learn from this great layout.


Profile photo of 001771 001771 August 31, 2011 at 8:50 pm

I like the way your formatted your factors of production. Every factor has it’s own point and is explained very clearly which can help us understand your business. I like how you included a picture for every point which can also help us understand more. I also like how you included the definition of each factor of production so it can help our understanding a lot better too. I think this would be very helpful for future use.


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