Please enable JavaScript.
Coggle requires JavaScript to display documents.
PRODUCTION - Coggle Diagram
PRODUCTION
FACTORS OF PRODUCTION
-
-
CAPITAL: production capital, resource capital and intellectual capital
-
-
NEED AND WANTS
NEEDS are necessary for survival such as food, water, clothes...
WANTS aren't essential but can make out lives easier such as car, mobile phone, videogames...
COMMERCE AND TRADE
COMMERCE: general term for sale, purchase and distribution
-
LOGISTICS: the flow of goods, information and other resources are managed by logistics department
-
DISTRIBUTION: whosalers, retailers and brokers distribute goods to retailers
-
-
-
-
-
-