Please enable JavaScript.
Coggle requires JavaScript to display documents.
Resources - Factors of Production - Coggle Diagram
Resources - Factors of Production
Land
Examples
Real Estate
Trees
Plants
Wind
Livestock
Sun
Water
Oil
Farmland
Definition
Any natural resource
Labour
Examples
Job training
Experience
Conferences
Workshops
Education
An athletic gift
Definition
Any human service (Physical or Intellectual)
Capital
Examples
Factory
Computers
Furnishings
Books
Roads
Phone lines
Factory Machinery
Definition
Anything that's manufactured in order to be used in the production of goods and services
Entrepreneurial Ability
Examples
Bill Gates
Steve Jobs
Mark Zuckerberg
Pierre Omidyar
Arianna Huffington
Caterina Fake
Joe Johnston
Definition
Anyone who recognises a profit opportunity, is able to organise the resources, and is willing to accept the risk.