The Minions Factors of production

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THE MINIONS
Land
Labour
Capital
Entrepreneur
Zamin
Ahil
Land
• Land is Allah’s gift to mankind which is used to produce good and services.
• Example: Metal ores, gas ,coal ,water ,sea and air.
• The Reward for Land is ‘Rent’.
Labour
• Labour refers to all kinds of human
effort whether physical, mental, skilled
or unskilled.
• Example : someone who sweeps the school,
who works as an office assistant and
builder's building your houses.
Capital
• Capital refers to man made resources
which are used in the production of goods
and services.
• Example: Raw materials, such as wood is
required for production of paper.
Entrepreneur
• Entrepreneur's refers to the person who undertakes the responsibility and
risks employing land, Labour, capital and who decides on how these
resources are to be used.
• Example: as an organizer, the entrepreneur plans and organizes the
production process by combining all the other factors of production (land,
labour, capital)in a competitive manner so as to get the maximum output of
benefit.
Ishaan
Zamin
Niham
Alhim
Clap before you laugh because it’s
the…….
Ahil
The End
Leonardo DiCaprio
Panda
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