Factors of Production Flashcards
1
Q
What is Land?
A
Somewhere to produce the goods e.g. a farm
2
Q
What is labour?
A
People that work in the business e.g. farm workers
3
Q
What is Capital?
A
Money to get the business started.
4
Q
What is enterprice?
A
This is the drive or motivation from the owners to start a business.
