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 physical effort put into making goods / providing services
Labor
Give one factors of production
Capital labor, natural resources or entrepreneurship
The process of running a business in order to make money
Entrepreneurship
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 one of the factors of production? money / shares of stock / entrepreneurship
Entrepreneurship
Factor of production that uses physical or human resource
Capital
What kind of capital is knowledge and skills?
Human capital
A person who seeks to earn a profit by running a business
Entrepreneur
Give one factors of production
Capital labor, natural resources or entrepreneurship
