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This includes the staff needed by the business and the skills and qualifications they have.

This is the machinery and equipment needed by the business to make the products or provide the service.

This is the entrepreneur who takes a risk and creates the business using the other three factors of production.

When something that is given up in order to do something else.

This sector is made up of businesses that produce or extract raw materials.

This sector which makes or manufactures goods.

This sector provides services.