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The Factors of Production of a Backpack

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Victoria Xia

on 26 September 2014

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Transcript of The Factors of Production of a Backpack

What are Natural Resources?
Natural resources are raw materials that come from the earth, as well as from the water and air. However, most of these natural resources are non-renewable, meaning that they are limited. Therefore, businesses must keep this in mind as these natural resources will eventually run out.

Some examples include: soil, gold, trees, wildlife, and oxygen.
Natural Resources
for external and internal frame; there are four types/styles of fabric - cotton canvas (heavy-weight, rough material), "pack cloth" nylon (smooth nylon material), cordura nylon (synthetic fabric - rough texture and lightweight), and rip-stop nylon (nylon that is resistant to tearing and ripping)
for zippers; plastic (most manufacturers use plastic "coil" zippers), aluminum, and steel
for backpack strap adjuster; plastic
for mesh water bottle holder; nylon (derived from petroleum)
for velcro pockets; nylon, polyester, and sometimes cotton
What are Human Resources?
Human resources are the people who work to produce the goods and services in a business. They are also known as the labor or workforce.

Some examples include: farmers, factory workers, construction workers, teachers and nurses.
Human Resources
In order to make a backpack, there are many people who are involved.

miners to mine the natural resources needed
factory workers who make the man-made materials
people who cut the fabric for different sizes of backpacks
people who dye the fabric for different colors
factory workers who sew the different parts of the backpack together (e.g., the internal and external frame, the straps, the pockets, etc.)
designers to design different styles of backpacks
truck drivers, train conductors, pilots, etc. to transport the backpacks from factories to stores
advertisers to advertise the product
retailers to sell the backpacks in stores

What are Capital Resources?
Capital Resources
mining companies depend factory workers as the raw materials that are mined need to be changed into man-made materials
factory workers that have changed the raw materials into man-made materials depend on other factory workers to be able to use the man-made material to make the different parts of backpacks and to put the parts together
factories making the backpacks depend on transportation companies as they need to be able to transport their products to stores
The Factors of Production of a Backpack
Victoria Xia
Backpacks to sell!
cotton canvas
"pack cloth" nylon
rip-stop nylon
cordura nylon
scissors and tools to cut the fabric
factories where factory workers can sew the different parts of the backpack together
sewing machines and thread to sew the different parts of the backpack together
trucks, planes, ships, etc. to transport the backpacks to stores
stores to sell the backpacks
most importantly, money
Capital resources are resources such as equipment and buildings that are used to produce the goods and services. Capital resources also include items that require financial investment by a company. And, money is also considered a capital resource.

Some examples include: buildings, equipment, trucks, tools, factories, and money.
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