What factors effect Production?

Question 1

What 3 factors affect production?

Answer 1

• Human Resources
• Natural Resources
• Manufactured Resources

Question 2

Describe the 3 Factors which affect production?

Answer 2

Human Resources/labor:

All forms of human input, Physical/Mental

Natural Resources/Land and raw materials:

Inputs into production that are provided by nature. I.e minerals in the ground

Manufacturing resources/Capital:

All inputs in production have been produced themselves.

e.g. Tools, manufacturing equipment