Factors of Production
Flashcard
•
Specialty, Social Studies
•
11th Grade
•
Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
Land includes...
Back
The "gifts of nature" or natural resources not created by human effort.
2.
FLASHCARD QUESTION
Front
Capital refers to...
Back
the tools, equipment, and factories used in production of goods and services
3.
FLASHCARD QUESTION
Front
Labor refers to...
Back
people with all their physical and mental efforts and abilities
4.
FLASHCARD QUESTION
Front
Entrepreneurs are...
Back
individuals who start a new business or bring a product to market.
5.
FLASHCARD QUESTION
Front
Timber is an example of...
Back
Land
6.
FLASHCARD QUESTION
Front
A bulldozer is an example of...
Back
Capital
7.
FLASHCARD QUESTION
Front
Your electrician is an example of
Back
Labor
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