The four productive inputs
The four productive inputs
Factors of production are the scarce inputs used to produce goods and services. Every business combines four factors: land, labour, capital and enterprise.
Step-by-step lessons on OCR GCSE Economics 1.1.2 Factors of production. Each one builds up to exam-style questions. Build a solid grasp of supply and demand and cost/revenue calculations before tackling the evaluation-heavy policy topics.