Business 12

FACTORS of PRODUCTION
Economics
capinvestmetone P 91
fakes machinery equipment
investment increasingcapacity
of the economy or business

Technomemoremenesis
lo m
business
methods
towards PPC 1
shift

what causes a
cement towards
ppc 5min
ENTERPRISE entrepreneurship
Ideas risktaking t
innovation
disruptive technology I tookdelivery
provides Vision I management
leadership idea
risk taking innovation
Land Natural resource used to produce
services
goods t provide
y lines

at service non physical

Banking
provider
serves
gutta'sKaineon it Education

sector of the economy

CORI
manufacturing
specialise in a profession
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Accountancy

t
if Invented for
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unemploymentof momi.com
Fop t investment sure
g 1 Economic Growth

Eron Growth
Labour Iihf
q1 1
inreadingcapacity
of the economy

capital newmachines
Machines
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consumer
replace old with new Edn Trg

cat MImen
shift mamines
increasingphysical capacity
m more worker
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Land movement develop existing land

shift reclaim Cand Hk from

the Ka
Deforestation Development
of sites
education t training
Laboy movement
Itt increasing physical
numbers
Labour migration
Rural s urban
factores

needto sacrifice
É
either capital
goods services
Y goods
opportunity
Past paper Q's
control
I consider
a
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WHY IS THESACRIFICE OF CAPITAL GOODS
MORE THAN THE GAIN OF CONSUMER GOODS

MOVING FOP FROM CAPITAL GOODS TO

A CONSUMER GODS THE FOP ARE NO
PERFECTIMOBILEN THIS LEADS USTO
DIMINISHING MARGINAL RETURNS