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Factors of Production - Coggle Diagram
Factors of Production
Land
provided by Nature
produce goods
Examples
forest
land
sea
energy
oil
water
climate
rent
Labour
people produce goods
wages
Examples
chefs
teachers
game developers
carpenters
artists
engineers
factory workers
Capital
physical items
made by people
produce goods/services
interest
Examples
buildings
computers
machinery
electronics
vehicles
books
sports equipment
Enterprise
attempt to start/do new
bring land, labour, capital
form product/service
income
Examples
Steve Jobs
FIFA
Elon Musk
PewDiePie
Limerick Leader