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Factors of Production

Published on Jun 17, 2016

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1.

Factors of Production

Paola Soto 
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2.

Land

  • Natural resources
  • Ex) water, cole, oil
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3.

Labor

  • Providing a job or service for others
  • Ex) A cashier taking someone's order.
Photo by Jer Kunz
4.

Capital

  • Human made objects
  • Physical Capital - Human made
  • Ex) Sowing clothes.
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5.

Human Capital

  • Having knowledge or skills in order to perform a task .
  • Ex) teachers, doctors, cosmitoligists.
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6.

Entreprenuers

  • Leaders who create or invest in a new bussiness
  • Ex) Steve Jobs, Mark Zuckerburg.
Photo by Xevi V

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