1 of 5

Slide Notes

DownloadGo Live

Factors Of Production

Published on Nov 18, 2015

No Description

View Outline

MORE DECKS TO EXPLORE

PRESENTATION OUTLINE

1.

FACTORS OF PRODUCTION

BY : TAYLOR GARRISON
Photo by archangel 12
2.

WHAT ARE THE FACTORS OF PRODUCTION?

  • Land
  • Labor
  • Capital
Photo by danielfoster437
3.

LAND

ECONOMISTS USE THE TERM LAND TO REFER TO ALL NATURAL RESOURCES USED TO PRODUCE GOODS AND SERVICES
Photo by A Guy Taking Pictures
4.

LABOR

THE EFFORT THAT A PERSON DEVOTES TO A TASK FOR WHICH THAT PERSON IS PAID.
Photo by JAXPORT
5.

CAPITAL

ANY HUMAN-MADE RESOURCE THAT IS USED TO PRODUCE OTHER GOODS AND SERVICES.
Photo by Ruthie Aviles

Friend of Haiku Deck