Five Factors of Production
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Title: Five Factors of Production

Essay Details:

Subject: Miscellaneous
Author: Debbie B
Date: December 6, 2012
Level: University
Grade: A
Length: 2 / 402

Essay text:

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. "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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