Factors of Production

A garbage truck driver is an example of which Factor of Production?

• labor
• land
• entrepreneurship
• capital

Iron, minerals, coal and plants are examples of which productive resource?

• land
• labor
• entrepreneurship
• capital

factory worker

• Natural
• Labor
• Capital
• ????????

a farmer

• Natural
• Labor
• Capital
• ????????

Which factor of production would you consider a lawn mower?

• Land
• Labor
• Capital
• Entrepreneur

What is an entrepreneur?

• A person who starts a new business.
• A leader of a country.
• A worker in a factory.
• A student in college.

The following items (accountant's computer, carpenter's drill, and a tailor's sewing machine) are all examples of which factor of production?

• capital
• entrepreneurshipt
• land
• labor

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 term, "labor" means:

• Work the people do to produce goods and services.
• The natural resources used to produce goods or services.
• Person who organizes the factors of production to produce goods/services; business owners.
• Goods not created for their own use, but to make other goods/services.

A herd of cattle is an example of ...

• Land
• Labor
• Entrepreneur
• Capital