Industries and Sectors in the Economy (LC 2026) (Leaving Cert Business): Flashcards
📚Flashcards
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Practise the cards
10 cards from this deck
The four factors of production
The four factors of production
Land, labour, capital, enterprise
Land factor definition
Land factor definition
Natural resources used in production
Two categories of land resources
Two categories of land resources
Renewable & non-renewable resources
Labour factor definition
Labour factor definition
Human effort in production
Examples of physical capital
Examples of physical capital
Tools, equipment, machinery, buildings
What is financial capital?
What is financial capital?
Money that finances operations
Enterprise factor definition
Enterprise factor definition
Entrepreneurial ability to combine factors of production
What enterprise involves
What enterprise involves
Planning, decision-making, risk-taking
Ryanair's land factor
Ryanair's land factor
Airports & related facilities across Europe
Ryanair's capital
Ryanair's capital
Fleet of aircraft (Boeing 737s), booking systems, IT