Share 4 Factors of Production
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People who buy goods and services
Consumers
People who sell goods or provide services
Producers
Jobs people do for others
Services
The resources we need to make all goods and services
Factors of Production
The human physical effort put into making goods / providing services
Labor
Another word for entrepreneur
Businessman
Another word for producer
Seller
Another word for consumer
Buyer
Natural resources would NOT include which of the following? wind / water / steel
Steel
Which of the following is not one of the factors of production? water/ shares of stock / entrepreneurship/ sunlight
shares of stock
Factor of production that uses equipment
Capital
A person who seeks to earn a profit by running a business
Entrepreneur
Give the 4 factors of production
Capital labor, land or entrepreneurship
Give the factor of production that is from nature
Land
