Understanding Factors of Production

Front

What are the four factors of production?

Back

Land, Labour, Capital, and Entrepreneurship

Front

Which factor of production: Human-created resources used to produce other goods and services

Back

Capital

Front

Which factor of production: The physical effort put into making goods or providing services

Back

Labour

Front

Which factor of production: A goldmine

Back

Land

Front

Which factor of production: The knowledge and skills a person gains through education and experience

Back

Human capital

Front

_____ manages the other three factors of production to make a profit

Back

Entrepreneurship

Front

Which factor of production: Human-created resources used to produce other goods and services

Back

Capital

Front

Which factor of production: Wind that generates power in wind turbines

Back

land

Front

Which factor of production: A business owner launching a new product line

Back

Entrepreneurship

Front

Which factor of production: Coffee beans for a coffee shop

Back

Land