factors and sectors of production

• 4 factors of production- what you need for a business 

  Land- where your business is set up. For example, factory, building or shop 

  Labour-the people that work for you. For example, workers or employees 

  Capital- things that you need to start your business. For example, money and machinery 

  Enterprise- what made you start your business. For example, your idea 
• An example using factors of production: 

  The factors of production needed for a farm would be a field which would be the land, the farmers and people working would be the labour, the money needed to buy greenhouses and tractors would be the capital and other animals that many farms don't have would be the enterprise. 
• Sectors of production 

  Primary sector- first stage of production that sues raw materials, for example farms, oils, coal, and iron miners 

  Secondary sector- second stage of production process which uses primary sources and uses these to make the product, for example manufactures and printers 

  Tertiary sector- final stage that provides products and services, for example fast food stores, delivery companies and supermarkets such as Aldi