2. Business resources

• Explain the 4 business resources (first two)

  The first business resource is capital, which includes the tools, machinery, and equipment that the business uses. Capital can also refer to the money which the owners invest in the business.

  The second business resource is enterprise, which is the initial business idea. The idea on it's own is not enough and the entrepreneur must organize the capital, land, and labour.
• Explain the 4 business resources (last two)


  Another necessary business resource is land, this is the plot of land where the business is located. It also refers to the natural resources that a business may use.

  The last business resource is labour, this is the workforce needed, and can include both physical and mental work.