Factors of Production

Front

Land includes...

Back

The "gifts of nature" or natural resources not created by human effort.

Front

Capital refers to...

Back

the tools, equipment, and factories used in production of goods and services

Front

Labor refers to...

Back

people with all their physical and mental efforts and abilities

Front

Entrepreneurs are...

Back

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

Front

Timber is an example of...

Back

Land

Front

A bulldozer is an example of...

Back

Capital

Front

Your electrician is an example of

Back

Labor

Front

Your veterinarian is an example of...

Back

Labor

Front

Bill Gates is an example of...

Back

An Entrepreneur

Front

Which factor of production would you consider a cow? Options: Land, Labor, Capital, Entrepreneur

Back

Land