You want to establish a computer centre. What factors of production would you require for the business activity and why?

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Solution

Land: A site to establish the centre.
Labour: Skilled workers capable of programming and building sofware.
Capital: Machinery in the form of computers and the resources to buy such machinery.

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You want to establish a computer centre. What factors of production would you require for the business activity and why?

Land: A site to establish the centre. Labour: Skilled workers capable of programming and building sofware. Capital: Machinery in the form of computers and the resources to buy such machinery.

Land: A site to establish the centre.
Labour: Skilled workers capable of programming and building sofware.
Capital: Machinery in the form of computers and the resources to buy such machinery.