Fulfills several roles in society. Undertakes expenditure and influences the economy through taxation and regulation of markets.
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Card 17
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Resources used in the production process; inputs into production. Labour, Capital, Entrepreneurship and Land.
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Card 18
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Goods used to make more goods (produced resource) e.g. factories and machines.
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Card 19
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An entrepreneur is an individuals who combines all the factors of production to produce output. They have the ideas/vision.
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Card 20
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People/workers/staff e.g. physical&mental work. Skilled and unskilled.
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Card 21
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Anything you can mine, fish, grow and extract e.g. minerals, food, oil, gold, gas and metal.
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Card 22
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Rewards for services - Labour (and entrepreneurship)
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Card 23
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Rewards for services - Captia
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Card 24
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Rewards for services - Land
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Card 25
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When an individual, organisation or country specialise in the production of a good or service. Countries specialise in a product, commodity or service due to finite resource, efficiency and trade.
