Factors of Production

Front

When talking about the Factors of Production, in Land includes...

Back

Any natural resources not created by human effort.

Front

Capital refers to...

Back

Tools, equipment, and factories used in production of goods and services

Front

Labor refers to...

Back

The human efforts, both physical and mental required for production.

Front

Entrepreneurs are...

Back

individuals who start a new business or bring a product to market.

Front

A herd of cattle is an example of ...

Back

Land

Front

A bulldozer is an example of...

Back

Capital

Front

Answering phone calls in a call center is ...

Back

Labor

Front

Bill Gates, the founder of Microsoft, is an example of....

Back

entrepreneur

Front

A new factory that will increase production would be considered ...

Back

Capital

Front

The Chromebooks you are using are examples of

Back

Capital