Factors of Production

In economics, anything which may be harvested from, dug up, or pulled out of the air, is considered

• capital

• entrepreneurship

• land

• Harry Potter magics

Which of the following would be considered land?

• coal

• diamonds

• platinum song

• new sewing machine

• water

items that make the list for capital resources include:

• popcorn popper

• garden hose

• Mr. Maletz' Really Big Brain

• money to buy tools

• Warren Buffett

Anything used to purchase tools and raw materials, or the tools themselves, are known as:

• capital resources

• entrepreneurship

• land resources

• human resources

Any interaction made by a person, be it painting a room or thinking of a new design for the room, is called

• capital resource

• entrepreneurship

• human resource

• land resource

A person who combines all the other factors of production, in order to make a good or service, in the search of profits, is called a(n)

• entrepreneur

• delegate

• senator

• president