Capital
Capital applies to all the resources used to produce products and/or services. The capital mainly refers to money but can also include tools, machinery, transportation, etc.
For Coca-Cola, the capital would include the factory machinery used to mass produce the bottles and the drink itself.
Labour
Labour refers to the workers who contribute ether physically or mentally the good and/or service. The labour is classified by factors such as work experience, education, and skills.
For Coca-Cola, the labour would include the factory workers, managers and people of lower positions in the offices.
Land
Land includes natural resources that are found on Earth. This could be a renewable resource or a non-renewable resource. An example of a renewable resource would be water and trees while non-renewable resources would consist of fossil fuels and minerals.
For Coca-Cola, the land would include oils for plastic, different minerals for the glass, and also the basic ingredients for the different Coca-Cola products.
Enterprise
Enterprise basically manages, organizes and plans for all the other factor inputs (capital, labour, land). Entrepreneurs are separated from the labour group as they require additional skills such as passion and creativity.
http://www.thecoca-colacompany.com/ourcompany/leadership.html
Image: http://images.flatworldknowledge.com/heisinger/heisinger-fig04_x002.jpg
Capital applies to all the resources used to produce products and/or services. The capital mainly refers to money but can also include tools, machinery, transportation, etc.
For Coca-Cola, the capital would include the factory machinery used to mass produce the bottles and the drink itself.
Labour
Labour refers to the workers who contribute ether physically or mentally the good and/or service. The labour is classified by factors such as work experience, education, and skills.
For Coca-Cola, the labour would include the factory workers, managers and people of lower positions in the offices.
Land
Land includes natural resources that are found on Earth. This could be a renewable resource or a non-renewable resource. An example of a renewable resource would be water and trees while non-renewable resources would consist of fossil fuels and minerals.
For Coca-Cola, the land would include oils for plastic, different minerals for the glass, and also the basic ingredients for the different Coca-Cola products.
Enterprise
Enterprise basically manages, organizes and plans for all the other factor inputs (capital, labour, land). Entrepreneurs are separated from the labour group as they require additional skills such as passion and creativity.
http://www.thecoca-colacompany.com/ourcompany/leadership.html
Image: http://images.flatworldknowledge.com/heisinger/heisinger-fig04_x002.jpg