Relier Pairs

The skills a business person requires to combine and manage successfully the other three factors and the ability to undertake the risk.

Natural resources required in the production process.

Any physical or mental effort for which a person is expecting a monetary reward.

Basic elements used to produce and distribute goods and services.

The combination of the three factors in different proportions to obtain goods or services.

All the properties that belong to a company.

Technology

Capital

Entrepreneurship

Labour

Factors of production

Land