Factors of Production

Land on which I store the lemons, sugar, spare equipment, etc.

Land on which I set up my lemonade stand

Land on which lemonade is produced

Workers to make the lemonade

Sell the lemonade

keep inventory at the "warehouse" or storage

Physical capital

The juicers, mixers, etc.

the raw materials (lemons, sugar,etc.)

Finanical capital

The money neecssary to pay the workers, pay for the lemons, machines, etc. to make it all run

Intellectual capital

Perhaps a secret family recipe that everyone loves

Being able to identify what the consumer wants

Being able to attract new consumers due to marketing

Negotiationg the best prices from the lemon sellers and other suppliers to make the best profit margin, or lower the price to increase popularity and make more money that way

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