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### Factors of Production This image shows the factors of production for an ice-cream factory. - **Land:** Land on which the factory is built and the raw materials, such as milk, used to produce the ice cream. - **Labour:** Factory and office workers - **Capital:** Ice cream making machines and fa...

### Factors of Production This image shows the factors of production for an ice-cream factory. - **Land:** Land on which the factory is built and the raw materials, such as milk, used to produce the ice cream. - **Labour:** Factory and office workers - **Capital:** Ice cream making machines and factory building - **Enterprise:** Entrepreneur who set up the factory. ### Mobility of Factors of Production This section describes factors of production and their mobility: - **Land:** Land can often be adapted for other uses, for example, a coal mine could be transformed into something else. - **Labour:** Labour can often be retrained to carry out other jobs. - **Capital:** Capital can be more difficult to move to an alternative use. The more specific the capital, the less mobile it is. - **Enterprise:** Enterprise could be moved to alternative industries if the entrepreneur has some knowledge of the alternative industry. **What happens to the factors of production when a business closes?** **Can the factors of production be sold and transferred to another industry?**