Gibbins Flashcards
1
Q
Factors of production
A
Land,labour,enterprise and capital
2
Q
Business
A
Competition,employee skills,finance available,legislation,economy.
3
Q
3 factors of the economy
A
Primary,secondary,tertiary
4
Q
Primary
A
Natural resources
5
Q
Secondary
A
Manufactoring (final products)
6
Q
Tertiary
A
Provide services transport
7
Q
Sleeper partner
A
Invest but doesn’t do any work
8
Q
Stakeholders
A
Individual or organisation who have a interest in the activities and decisions
9
Q
Shareholders
A
Person that has invested money in the business
10
Q
Private sector
A
Privately owned only for profit
11
Q
Public sector
A
We own it run by the government
12
Q
Third sectors
A
Voluntary
