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21 Firms and Production - Coggle Diagram
21 Firms and Production
Demand for capital goods
Interest rates
Profit levels (ability to buy capitals)
corporation tax (tax on company profit)
Expectations about future
Price of other factors of production
substitutes of capital
complements of capital
income
Price
confidence level/ tech advances
Demand for land
Key factor: productivity
fertile land
city center
natural resources (eg. water)
Different factors of production
Capital intensive (use of high proportion of capital relative to labor)
Labor intensive