A detailed lesson looking at how resources are transformed in a business using the factors of production. The lesson looks at the four factors of production; land, labour, capital and enterprise and what it means to the operations of a business. The lesson also looks at ways a business can aim to improve its efficiency. I have also included a worksheet on the industrial sectors and the factors of production. The lesson concludes with a nice group game of 'You Say, We Pay' covering the topic enterprise. A nice lesson aimed at Business Studies and Economics.