Production factors are considered to be a number of resources that are necessary in order to produce goods and generate services. They are divided into traditional, which include labor, raw materials, capital, information. New can be attributed to innovations, entrepreneurial abilities and a business grip. Each of the resources requires separate consideration.
Work
Labor is an activity aimed at creating material and intangible benefits, while it can be carried out with the help of techniques and technologies, but may also be manual.
Capital
Capital is not only cash, securities and financial operations. These are also intellectual resources. This also includes the entire economic sphere.
Raw materials - Earth and resources from her subsoil
On the ground there is absolutely all natural resources that can be used in the manufacture of goods and services.
Information
No information impossible no economic and production processes. These are any reduction that is transmitted from person through a wide variety of communications, including oral, written, electronic methods.
Entrepreneurial talent
Now that all production processes are transferred to the scope of business, the development of production is impossible without entrepreneurial abilities. The entrepreneur ended with the talent may calculate the entire strategy for the development of the enterprise a few steps forward, to foresee the consequences of its decisions, see the result.
Innovation
This is a progress engine. They improve production processes, bring them to perfection, facilitate human labor, optimize resource costs.
In general, any separate production, as well as. And in the global sense of the word, this is a combination of production factors, even without one of which it becomes impossible, as this is a single system.
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