AQA GCSE Business · 8132
Paper 1, Paper 2
Revise: Purpose and Foundations of Business ActivityFinancial resources help fund the business, while production equipment is its capital factor of production.
Loading…
Loading…
Loading…
GCSE Business · key term
A resource used to produce goods or provide services. The four factors are land, labour, capital and enterprise.
Used by AQA
Paper 1, Paper 2
Revise: Purpose and Foundations of Business ActivityFinancial resources help fund the business, while production equipment is its capital factor of production.
When identifying a factor of production, name the factor asked for. If the question asks for an example from a business, use a relevant resource from that context.
Create a free account to read GCSE Business revision notes for your exam board and track your progress.