Optimal mix of resources

• what is the difference between capital intensive and labour intensive production?

  capital investment requires a large amount of investment. labour intensive needs a lot of labour
• what are the resources a business has available to them?

  land, labour, capital and enterprise
• what factors determine the mix of the 4 resources?

  mass produce products, type/nature of products/scale of production, technology acailanle
• what are the consequences of a business not using the optimal mix of resources?

  wont be able to produce products to the best of their ability, missing out on certain factors in the business