3. Production Inputs
Production
Process
Capital
Manufactu
ring
Entrepre
neurship
Production
Outputs
Finishe
d
product
s
Assembly
Land
Processin
g
Labor
Service
operation
Semiprocess
ed
products
Service
s

4. Point of
Comparison
Fixed
Factors
Variable
Factors
divisibility
Indivisible large
unit
Divisible small
unit
Necessi
ty in
producti
on
Supplementary:
even in their
absence some
amount of
production can be
carried out
Without these
factors no
production
can be carried
out
Plant, machinery,
manager, land
factory premises,
etc.
Labor, raw
materials,
transport,
freight etc
example