This article is about fours different factors of production (land, labor, capital and enterprise) and three basic sectors of production.
Posts tagged as “capital”
After the start-up capital has been generated, money that is used in a business is categorized as Revenue Expenditure and Capital Expenditure.
Businesses need finance to conduct business activity – turn inputs into outputs. Finance is needed to purchase resources.
Businesses require resources for the production of goods and services. The resources used in the production processes are called factors of production.