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The 6 factors of production Of to make Pasta

- Natural Resources
- Raw material
- Labour
- Capital
- Information
- Management
Explain in each production

1 Answer

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-Natural Resources [materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain.]

-Raw material [the basic material from which a product is made.]

-Labour [work, especially hard physical work.]

-Capital [Capital is a term for financial assets, such as funds held in deposit accounts, as well as for tangible factors of production, i.e. manufacturing equipment. Additionally, capital includes facilities, including buildings used to produce and store manufactured goods.]

-Information [facts provided or learned about something or someone.]

-Management [the process of dealing with or controlling things or people.]

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