4 Factors of Production

Which of the factors of production is this?

• capital

• entrepreneur

• land

• labor

Which one is a need and not a want?

• going out to eat

• drinking a glass of water

• going to the movies

• luxury sports car

Which one of the factors of production is this?

• capital

• entrepreneur

• land

• labor

Steve Jobs the founder of Apple is holding up an I-phone. What is another name for someone who starts a business?

• capital

• entrepreneur

• land

• labor

Which factor of production is this?

• capital

• entrepreneur

• land

• labor

This factor involves money, equipment, and tools and any items to produce goods and services?

• capital

• entrepreneur

• land

• labor

What factor of production is missing?

• capital

• entrepreneur

• land

• labor

Name the factor not mentioned?

• capital (money)

• entrepreneur (business owner)

• land(natural resources)

• labor( workers)

Which factor?

• capital

• entrepreneur

• land

• labor

These items could be considered as___________?

• capital

• entrepreneur

• land

• labor