factors of production

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June 2019

AS A Level Business: Intellectual Capital

By |2019-08-15T08:42:00+02:00June 18th, 2019|Cambridge AS A Level Business Studies, Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

Cambridge AS A Level Business Studies/ ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Intellectual Property

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A Level: Factors Of Production: Introduction

By |2019-08-15T08:39:52+02:00June 6th, 2019|Cambridge AS A Level Business Studies, Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

Cambridge AS A Level Business Studies/ ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Factors Of Production: Introduction  

  • As already mentioned several times, businesses are a result of entrepreneurs using resources to satisfy needs and wants
  • Resources are also known as factors of production
  • There are four factors of production namely:
    • Land
    • Labour
    • Entrepreneurship
    • Capital

To […]

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The Nature And Purpose Of Economic Activity

By |2019-08-15T08:37:35+02:00June 2nd, 2019|Cambridge AS A Level Business Studies, Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

Cambridge AS A Level Business Studies/ ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Enterprising: The Nature And Purpose Of Economic Activity

  • As we live our lives we interact with businesses (enterprises) on a daily basis
  • The shop from which we buy bread and other groceries
  • The vendor who sells us vegetables
  • As is already […]
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December 2015

An introduction to Economic Activity

By |2019-06-02T10:51:35+02:00December 7th, 2015|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies: An introduction to Economic Activity and Ordinary Level Business Studies

Business-a commercial activity conducted to satisfy human needs and wants usually done for profit. Business studies is the study of such activities. Examples of Businesses include buying and selling, the offering of services and mining. The word business does not refer to a building […]

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June 2015

Factors of Production

By |2019-06-05T07:24:24+02:00June 24th, 2015|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Factors of Production

  • The four factors of production act as inputs during the production process.
  • They are also generally known as resources.

To access more topics go to the Commerce Notes page.

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