these items. Services are intangible, which means they cannot be seen or touched. Goods can be either durable or non-durable: of goods: which we use again and last Durable goods for a long time e.g. mobile phones, laptops and trainers Non-durable Items we normally use once or are goods used quickly e.g. food, drink and newspapers Services Services are things that are done for us. Some of the main service industries are banking, travel and education but also include hairdressing and health. To produce and services, businesses need to use a number of resources. These resources are referred to as the factors of production and include land, labour, capital and enterprise: Factors of Production Land The natural resources as business uses such as water, forests and the land itself. Labour This refers to the human resources required by a business including all the people who work
these items. Services are intangible, which means they cannot be seen or touched. Goods can be either durable or non-durable: of goods: Durable goods which we use again and last for a long time e.g. mobile phones, laptops and trainers Non-durable goods Items we normally use once or are used quickly e.g. food, drink and newspapers Services Services are things that are done for us. Some of the main service industries are banking, travel and education but also include hairdressing and health. To produce and services, businesses need to use a number of resources. These resources are referred to as the factors of production and include land, labour, capital and enterprise: Factors of Production Land The natural resources as business uses such as water, forests and the land itself. Labour This refers to the human resources required by a business including all the people who work