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4 Production factors 1Natural resources 2Human resources labour 3Capital 4Entrepreneurship Raw material changed into a certain final product eg Milk Chocolate Chocolate sweets The input needed to change raw materials into final products is known as production factors In most cases all four-production factors are used to make final product Not all 4 factors are always available Therefore there is a shortage of certain production factor Raw material 1Natural Resources aAgriculture- fruit vegetables and meat bMining - gold iron coal and ore cFisheries - fish crayfish abalone dForestry - timber This includes farms and plantations as well as land where roads and buildings are constructed Supply of minerals is limited which can be exhausted Land fisheries forestry and agriculture cannot be exhausted but must be managed responsibly Inputoutput Wood paper product furniture Wheat flour Gold Jewellary FishFrozen fish products 2Human Resources -This is the contribution that people make to the production process All workers contribute to the production process -Many prices in SA have become expencive because of high remuniration demanded by workers and trade unions Sometimes it is cheeper to import certain products eg Clothing butter shoes Human resources or labour is devided into 3 groups aProfessional human resources These are highly skilled and trained people eg Doctors attourneys and engineers These workers have received post-school training and usually specialise in certain fields bSkilled human resources These people have a reasonably hugh level of education eg Secreterial personnel mechanics carpenters and electricians The workers have been trained for a specific task cUnskilled human resources These people have a low level of training eg farm workers domestic servants mine workers and road workers They have not been trained for a specific task Human
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