Factors Of Production Flashcards
1
Q
LLCE
A
Land
Labour
Capital
Enterprise
2
Q
Land
A
All natural resources
3
Q
Labour
A
All human effort
4
Q
Capital
A
NOT MONEY, man made goods used to produce other goods and services e.g. roads
5
Q
Enterprise
A
Organises the other factors of production and takes the risk
6
Q
Geographical mobility
A
The ability to move from one place to another. The more infrastructure and capital the more geographically mobile the people are
7
Q
Occupational mobility
A
The ability to move from one use to another.
Education improves this
