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4 Factors of Production

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    Factors of Production
  •   Study   Slideshow
  • People who buy goods and services
    Consumers
  •  15
  • People who sell goods or provide services
    Producers
  •  15
  • Jobs people do for others
    Services
  •  15
  • The resources we need to make all goods and services
    Factors of Production
  •  20
  • The physical effort put into making goods / providing services
    Labor
  •  25
  • Give one factors of production
    Capital labor, natural resources or entrepreneurship
  •  20
  • The process of running a business in order to make money
    Entrepreneurship
  •  25
  • Another word for entrepreneur
    Businessman
  •  20
  • Another word for producer
    Seller
  •  15
  • Another word for consumer
    Buyer
  •  15
  • Natural resources would NOT include which of the following? wind / water / steel
    Steel
  •  20
  • Which of the following is one of the factors of production? money / shares of stock / entrepreneurship
    Entrepreneurship
  •  20
  • Factor of production that uses physical or human resource
    Capital
  •  25
  • What kind of capital is knowledge and skills?
    Human capital
  •  20
  • A person who seeks to earn a profit by running a business
    Entrepreneur
  •  25
  • Give one factors of production
    Capital labor, natural resources or entrepreneurship
  •  20