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PRODUCTION FACTORS

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PRODUCTION FACTORS

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Activity about production factors in economy

Created by

Javier Ramón Núñez
Javier Ramón Núñez
Spain

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PRODUCTION FACTORSOnline version

Activity about production factors in economy

by Javier Ramón Núñez
1

up activity overexploit run research set land money machines materials centres raw quality out human

Natural resources are limited and could soon , we need to make sure we do not them .
Labour is all physical and intellectual that is required to produce goods or provide services that are necessary for people and society .
Physical capital includes the on which business is built , its premises , the machinery and .
Financial capital is the needed to a business or maintain its activity .
Technical expertise makes possible the design , construction and use of that transform the environment and allow for the production of goods and services .
A modern , competitive economy requires a education system to train people and to generate new ideas .

 
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