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4 Factors of Production

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