Entrepreneurship

Description

Land, Labour, capital, entrepreneurship
Slindile Vezi
Mind Map by Slindile Vezi, updated more than 1 year ago
Slindile Vezi
Created by Slindile Vezi almost 4 years ago
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Resource summary

Entrepreneurship
  1. Factors of production
    1. Natural Resources
      1. Rent
      2. Labour
        1. Salaries & Wages
          1. Semi skilled
            1. Unskilled workers
              1. Skilled
                1. Highly skilled workers
                2. Capital
                  1. Interest
                  2. Entrepreneurship
                    1. Profit
                  3. Forms of capital
                    1. Borrowed capital
                      1. Loans provided by financial institutions
                        1. Interest to be paid
                          1. Has to be paid back
                        2. Own capital
                          1. Supplied by owner money or assets
                            1. Does not require repayment
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