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  • Factors in Business

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    Leo Z
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    Land, capital, and entrepreneurship are the three main factors of production. Land provides necessary real estate and raw materials like trees, mines, and oil wells. Capital refers to money used to buy machines and tools to help produce and distribute goods. Entrepreneurship brings together land, labor, and capital and controls and directs these three factors of production.

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    Land, capital, and entrepreneurship are the three main factors of production. Land provides necessary real estate and raw materials like trees, mines, and oil wells. Capital refers to money used to buy machines and tools to help produce and distribute goods. Entrepreneurship brings together land, labor, and capital and controls and directs these three factors of production.

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    3 views1 page

    Factors in Business

    Uploaded by

    Leo Z
    Land, capital, and entrepreneurship are the three main factors of production. Land provides necessary real estate and raw materials like trees, mines, and oil wells. Capital refers to money used to buy machines and tools to help produce and distribute goods. Entrepreneurship brings together land, labor, and capital and controls and directs these three factors of production.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 1

    Land

    -necessary
    -real estate
    -raw materials: +trees
    +mines, oil wells
    +other be extracted from the air
    Capital is the money which buys machines and tools
    - Capital means several things
    - Refers to anything which helps to produce and distribute goods

    Entrepreneurship is
    -Bringing togethere the land, lanbor, and capital
    - Control and direct the other 3 factos

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