Factors of production

A natural resource is:

• Gifts of nature. What the earth makes naturally

• Human workers

• Man made things that help make a good or service

• A person who risks their time and money to start a business

A capital resource is:

• Gifts of nature

• A person who risks their own time and money to start a business

• Money that is left over after paying operating costs

• Man made things that help make a good or service

A profit is:

• Man made things that help make a good or service

• The money left over after paying off operating costs

• Gifts of nature

• The amount of money it takes to run a business

Operating cost is:

• The amount of money it takes to run a business

• Gifts of nature

• Man made things that help make a good or service

• A person who risks their own time and money to start a business

Revenue is:

• The amount of money it takes to run a business

• profit

• The amount of money you make from selling goods and services

• Gifts of nature

What is an Entrepreneur?

• A person who risks their own time and money to start a business

• The money a business makes from selling their goods and services

• Revenue

• Profit

Which is an example of a natural resource?

• Water

• Construction worker

• Oven

• Spoon

Which is an example of a human resource?

• Solar energy

• Wind

• Cups

• Cashier

What is an example of a capital resource?

• Tools

• Trees

• Water

• Teacher

Which is an example of a human resource?

• Teacher

• Trees

• Land

• Forks