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14 cards from this deck
Resources needed to create goods & provide services
Land, Labour, Capital, Enterprise
All natural resources from earth used in production
Rent
Farmland, forests, seas, minerals, wind/solar energy
Renewable can be reused (wind); non-renewable get exhausted (oil/coal)
All human effort, skills & abilities used in production
Wages or salaries
Human-made resources that help produce goods & services
Interest
Capital is human-made, land is provided by nature
Skill to combine all factors to create goods/services for profit
Profit (or loss if business fails)
Enterprise: spot opportunities, take risks, organise factors
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