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Factors of Production - Coggle Diagram
Factors of Production
Land (Any Natural Resource)
Land Itself
Trees/Wood
Plants
Livestock
Rain
Wind
Sunlight
Water
Gold
Enterprise / Entrepreneur
Organises other Factors of Production
Takes Risks
Recognised Profit Oppurtinity
Creates System for Production
Capital (Finished Goods used for Further Production)
Machinery
All the Machines in a Factory.
Equipment
The Factory itself.
Not Money
Labour
Intellectual
Most Jobs
Programmers
Accountants
HR Reps
Can be developed through learning and training over time.
Physical
Manual Labour
Construction Labour
Working in a Factory
Cannot be developed that much over time.
By Ved