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Essay

Five Factors of Production

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

John W

 

Date added:

February 22, 2013

 

Level:

University

 

Grade:

B

 

No of pages / words:

2 / 402

 

Was viewed:

2809 times

 

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Essay content:

It provides the raw materials and resources that become the goods or the land that a building is constructed on to produce the goods. Labor is the physical and mental factor, whether it's a design artist working on a magazine, or the accountant that manages the billing. The end result of Labor equals a product or service and provides wages for employees...
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The end result of Labor equals a product or service and provides wages for employees. "Capital can refer to resources or investments that are either man- made or manufactured objects that help produce other products such as buildings and equipment to operate businesses." Capital can be roads, machines, factories, or office buildings, anything that help man create and produce other goods (2007)...
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General issues of this essay:
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