1.Factors of production Flashcards
1
Q
Business Enterprise
A
supply goods/services desired by customers generally with a view to making a profit
2
Q
Fixed Capital
A
Machinery, equipement and buildings
3
Q
Working Capital
A
Cash and stock
4
Q
Enterprise
A
Management skills needed to bring CELL together and make them work to produce goods and services
5
Q
Land
A
actual land and all the natural resources
6
Q
Labour
A
The workers who make the products
