starting your own company. Your company is going to produce one of the four types of goods.(Durable Goods, Non-durable Goods, Consumer Goods, Capital Goods) Explain what you are producing and what category of good it is. Explain the four factors of production in relation to your good. Describe the production process and how the four factors would apply to your business plan." hit all What are you producing? Is it a good? If so what kind., What does it take to create/build your product?, Where is your project taking place? How are you paying for this? If you are taking out a loan, from where and for how much? what type of labor is needed? What sort of capital goods are needed? How will you sell your product?

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Factors of Production (Factor Inputs) Factors of production are the inputs available to supply goods and services in an economy. Natural resources The human input available for into the production production process Land Labour Entrepreneurs Goods used in the organise factors of supply of other production and take risks Enterprise Capital products e.g. tech tutor2u