factors of production
Flashcard
•
Social Studies
•
6th Grade
•
Practice Problem
•
Hard
Wayground Content
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24 questions
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1.
FLASHCARD QUESTION
Front
What are the four factors of production?
Back
Natural Resources, Labor, Capital, Entrepreneurs
2.
FLASHCARD QUESTION
Front
Natural Resources includes...
Back
The "gifts of nature" or natural resources not created by human effort.
3.
FLASHCARD QUESTION
Front
Capital refers to...
Back
the tools, equipment, and factories used in production of goods and services
4.
FLASHCARD QUESTION
Front
Labor refers to...
Back
people with all their efforts and abilities
5.
FLASHCARD QUESTION
Front
Entrepreneurs are...
Back
individuals who start a new business or bring a product to market.
6.
FLASHCARD QUESTION
Front
A herd of cattle is an example of ...
Back
Natural Resources
7.
FLASHCARD QUESTION
Front
Forests are examples of...
Back
Natural Resources
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