Factors of Production

Front

What are the resources called that are needed to produce a good or service?

Back

Factors of production.

Front

What are natural resources?

Back

Things from nature (not man-made), Animals, Tree

Front

What is entrepreneurship?

Back

Starting or improving a business.

Front

__________ It only takes one factor of production to make a good or service.

Back

False

Front

__________ An example of a natural resource is a cell phone.

Back

False

Front

Which one of the four factors of production does the picture show?

Back

Labor

Front

Forests are examples of...

Back

Land

Front

A herd of cattle is an example of ...

Back

Land

Front

An Entrepreneur

Back

owns his/her own company

Front

Labor refers to...

Back

people with all their efforts and abilities