factors of production
...ent level of skills, qualities and qualifications. This is known as there HUMAN CAPITAL. CAPITAL Man made physical goods used to produce other goods and services. Examples include machines, computers, tools, factories, roads etc. Increases in the level of capital are called INVESTMENT ENTERPRISE The entrepreneur provides the initial ideas. They risk their own resources in business ventures. They also organise the other 3 factors of production. Road chef uses these in this way: Land –road chef uses land the type of land they use is on the side of a motorway. They use this because this is where they want to get the customers from it is probably grass land 1st then they will buy the land and then turn it into a service station. Labour-the different types of labour used at road chef are very various from people serving food to people serving petrol in the petrol...