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4 Factors of Production

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