goods 0.0 / 5 ? EconomicsResource allocationASAll boards Created by: dragonfruitjamCreated on: 05-01-15 19:11 Economic Activity The combination of resources to produce an output of goods or services 1 of 7 Factors of production Inputs to the production process 2 of 7 Land Resources found in the natural environment 3 of 7 Labour Human inputs to the production process 4 of 7 Capital are used to produce other consumer goods and services in the future 5 of 7 Enterprise The skill of bringing together other factors of production, spotting gaps in markets and taking risk 6 of 7 Scarcity Man's unlimited wants and needs in relation to finite resources 7 of 7
Comments
No comments have yet been made