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PRODUCTION FACTORSVersion en ligne

Activity about production factors in economy

par Javier Ramón Núñez
1

run human money centres quality activity overexploit out raw machines land research set materials up

Natural resources are limited and could soon , we need to make sure we do not them .
Labour is all physical and intellectual that is required to produce goods or provide services that are necessary for people and society .
Physical capital includes the on which business is built , its premises , the machinery and .
Financial capital is the needed to a business or maintain its activity .
Technical expertise makes possible the design , construction and use of that transform the environment and allow for the production of goods and services .
A modern , competitive economy requires a education system to train people and to generate new ideas .