FACTORS OF PRODUCTION

Front

What is an Entrepreneur?

Back

People who have great ideas and use those ideas to start new businesses.

Front

What are Factory workers an example of?

Back

Labor

Front

What are examples of Capital?

Back

Tools, Factories, Roads.

Front

What is Land in terms of factors of production?

Back

The earth itself, where we can grow crops or raise animals.

Front

What is Labor in terms of factors of production?

Back

The people who work hard to make things and provide services.

Front

What is Capital in terms of factors of production?

Back

The things people use to help them make things, like tractors and computers.

Front

What do Entrepreneurs do?

Back

They create new businesses using their ideas.

Front

Why is Labor important?

Back

Labor is important because it helps produce goods and services.

Front

What is an example of Land?

Back

A farm where crops are grown.

Front

What is an example of Capital?

Back

A factory where products are made.