Factors of production

Factory

• Entrepreneurship

• Capital

• Labor

• production

The human effort involved in the production of goods and services is known as

• Capital

• Land

• Entrepreneur

• Labor

The creation of any kind of goods and services is known as

• Resources

• Input

• Production

• Entrepreneurship

All natural resources that go into production of a good and services

• Labor

• Land

• Capital

• Entrepreneurship

Money used to re-invest in a firm and further its business objectives

• Financial capital

• Human capital

• Physical capital

• Enterprise capital

Any technology machinery involved in production process

• Human capital

• Physical capital

• Enterprises capital

• Investment capital

Assembly line worker

• Land

• Entrepreneurship

• Capital

• Labor

What is the best explanation of factors of production?

• Money and financing

• Raw materials used to produce products

• Labor and materials

• Resources used by a company to produce good and services

What is an entrepreneur?

• A student in college

• A leader of a country.

• A worker in a factory

• A person who starts a new business.

Land, labor, capital, and entrepreneurship

• Capital

• Infrastructure

• Factors of production

• Economy