Factors of production
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Hey, John! i'm going to start my business
That's cool but how are you gonna do that exactly
Yes i did know that because being an entrepreneur is an really important step in making a business
First i'm going to invest and risk all my money into the business
Did you know that's how you become an entrepreneur
Land is considered the primary factor of production. Land is of great importance to mankind
Well, for my business i will need land
No, Land is actually the second step in factors of production
Is this the first step in factors of production
After risking your money What's the next thing your gonna do
Cool what's next
Next is capital.The machinery,tools and the money needed in production of a product
The last step is labour .Labour are the workers that put human physical work to transform resources into products
Can i be your worker?
Maybe next time John
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