This document outlines the key inputs and outputs in the production process. It identifies capital, land, labor and management as the main fixed factors of production, and raw materials, transportation and labor as the main variable factors. It also notes that while production can still occur without supplementary factors, no production at all can take place without the necessary fixed factors.

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, tra
nsport, freight
etc
example