APT Initiatives
APT Business & Economics Resources
Minimising Workloads, Maximising Performance
Established in 1999

Categories
Information
Special Items

Factors of production

Concern the resources businesses use to produce and market the goods and service they require to generate wealth. These include: people with ideas, knowledge, and skills to help produce or provide the goods and services required: land, buildings, vehicles, machinery, equipment; materials such as paper, metal, wood, plastic, food ingredients; and money to purchase these resources. The specific resources, especially raw materials that a business requires, will obviously depend upon the type and quantity of goods and services to be provided. These business resources are usually categorised into four groups: capital, enterprise, land and labour (CELL). Together they are known as the four factors of production.

Millstone Lodge, Eaton Upon Tern, Market Drayton, Shropshire, TF9 2BX - Tel : 01952 540877 - Fax : 01952 541230
Registered in England no.: 5211217 VAT Number: 815750626
www.apt-initiatives.com - sales@apt-initiatives.com | © Copyright 2008 - APT Initiatives Ltd

terms & conditions | sitemap

Valid HTML 4.01 Transitional Valid CSS!