This document outlines the key inputs and outputs in the production process. It identifies capital, land, labor and management as fixed factors of production that are indivisible and necessary for any production to occur. It also identifies variable factors like raw materials, labor and transportation that are divisible and supplementary to production. The production process takes these inputs through manufacturing, assembly, processing and services to create finished and semi-finished outputs.

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