Clusting Chapter
management
:
process of achieving disited goals with diff - ideas/resources from diff people to achieve goals
plan , organise ,
cordinate , control
Capital :
man-made resources :
Machinasy , equipment , buildings fixed , moveable , working to create goods created from credit , savings , loan
produ
Labour :
physical + mental efforts made by people transferring sawegoods planning ,
skills :
factory workers , directors , doctors
Land :
all natural resources on Earth . Availability [Apop : price] , production potential ,
restrictedness ,
climate
entrepeniusship :
seeing new business
opp. Planning new ideas for economic growth. taking risk to bring products to market
technology advantages : land -
more efficient use of agriland through techniques :
precision farming , optomising resou
increasing yield , reduce labour. technology - diseases , when to spray
labour :
technology + communication -f more productive remote working : & success , flexibility
Government :
land : land zoning + environmental protection: less land available for agri-use as under protection
land fasation >
-
influence ownership t expensive costs for production
labous : min wage +
immigration laws , labour regulation :
affect availibility of workers + wage
Entrepeneurship :
business regulation : easies startup + facilitating finances :
less bassiess + more success
Capital S A .:
.
limited access +O finances : seconds ,
resification lack credibility less l a st capital :
less money to
invest into production + farm use Sequptseeds) :
less success
high risk :
weather , drought , natural disaster , disease price fluctuations ! Investors see ag-investments as high risk
,
: less loans invested into success
less money farms : less
Land buying : farmers consider opp . costs compared with other assets + investments before buying land :
Productivity based
on soll productivity characteristics , market , imput costs and see If worth it . soll fertility , availability , pood. potential , re
clima
Chapter 2
Sole proprietorship owner :
complete control - profit ,
own funding , liable debt
easy t cheap
Partnership 1-20
partners
:
Written total contract , easy , both liable & even if I responsible
don't share info ,
own
funding
-
I
Company priv 1
-
50
Pty( +&
shareholders
disectors
Ltd public unlimited
- open to public' clients , debt owed
by company
Co operative 1st members
:
volunteer
,
slow decision making Not I controles
,
a lot
funding app .
trust ,
t
+ rustees :
protect assets ,
complex : need estate planner , expensive
CC 1-10 members relaxed + small . New Companies acto portpub
:
just as
cheapteasy
management
:
process of achieving disited goals with diff - ideas/resources from diff people to achieve goals
plan , organise ,
cordinate , control
Capital :
man-made resources :
Machinasy , equipment , buildings fixed , moveable , working to create goods created from credit , savings , loan
produ
Labour :
physical + mental efforts made by people transferring sawegoods planning ,
skills :
factory workers , directors , doctors
Land :
all natural resources on Earth . Availability [Apop : price] , production potential ,
restrictedness ,
climate
entrepeniusship :
seeing new business
opp. Planning new ideas for economic growth. taking risk to bring products to market
technology advantages : land -
more efficient use of agriland through techniques :
precision farming , optomising resou
increasing yield , reduce labour. technology - diseases , when to spray
labour :
technology + communication -f more productive remote working : & success , flexibility
Government :
land : land zoning + environmental protection: less land available for agri-use as under protection
land fasation >
-
influence ownership t expensive costs for production
labous : min wage +
immigration laws , labour regulation :
affect availibility of workers + wage
Entrepeneurship :
business regulation : easies startup + facilitating finances :
less bassiess + more success
Capital S A .:
.
limited access +O finances : seconds ,
resification lack credibility less l a st capital :
less money to
invest into production + farm use Sequptseeds) :
less success
high risk :
weather , drought , natural disaster , disease price fluctuations ! Investors see ag-investments as high risk
,
: less loans invested into success
less money farms : less
Land buying : farmers consider opp . costs compared with other assets + investments before buying land :
Productivity based
on soll productivity characteristics , market , imput costs and see If worth it . soll fertility , availability , pood. potential , re
clima
Chapter 2
Sole proprietorship owner :
complete control - profit ,
own funding , liable debt
easy t cheap
Partnership 1-20
partners
:
Written total contract , easy , both liable & even if I responsible
don't share info ,
own
funding
-
I
Company priv 1
-
50
Pty( +&
shareholders
disectors
Ltd public unlimited
- open to public' clients , debt owed
by company
Co operative 1st members
:
volunteer
,
slow decision making Not I controles
,
a lot
funding app .
trust ,
t
+ rustees :
protect assets ,
complex : need estate planner , expensive
CC 1-10 members relaxed + small . New Companies acto portpub
:
just as
cheapteasy
