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Describe the inputs required by a business labour suppliers finance land management skills?
Wiki User
∙ 11y ago
The business requires the following in puts;1.labour;total number of people who are available to work
2.Capital;All those manufactured assets which exists to help in the production of goods and services.
Capital assets include:
-buildings-factories,offices etc
-plant,machinery and tools
-office equipment
-roads,railways and air ports
-docks and habours
3.Natural Resources;any thing that comes from the earth and can be used as aresource.it inludes un improved land,minerals,(oil,coal,etc),water and so on.
natural resources cost us nothing to make(unlike capital)However,there will usually be some cost inurred in exploiting them-land may have to be drained or irrigated,minerals have to be mined or water put into reservoirs,etc
Wiki User
∙ 11y ago
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