Factors of Production

A Pizza Oven is an example of...

• Natural Resources

• Human Resources

• Capital Resources

• Entrepreneurship

Oil is an example of

• Natural Resources

• Human Resources

• Capital Resources

• Entrepreneurship

A Factory Worker is an example of...

• Natural Resources

• Human Resources

• Capital Resources

• Entrepreneurship

A Teacher is an example of

• Natural Resources

• Human Resources

• Capital Resources

• Entrepreneurship

A laptop is an example of...

• Natural Resources

• Human Resources

• Capital Resources

• Entrepreneurship

All of the economic inputs that are required to produce goods and services are called:

• Factors of production

• Supply

• Demand

• Capital for goods

The physical effort of people to produce goods or services describes which factor of production?

• Natural Resources

• Capital Resources

• Human Resources

• Entrepreneurship

Name the 3 factors of production.

• opportunity costs, natural resources, labor

• trade off, natural resources, labor

• natural resources, human resources, capital resources

• natural resources, human capital, scarcity

The term "factors of production" means:

• things or skills needed to produce goods or services
• how we spend our money
• the resources of the government
• how society creates jobs

The people who decide to buy.

• Producers
• Consumers
• Economist
• Entreprenuers