Factors of Production

Which of the following factors of production is an example of capital?

• Tractors

• Fields

• Farmers

• Suppliers

In factors of production, what do we mean by enterprise?

• Purchasing land for a business

• An idea of how to use the land, labour and capital to make a profit.

• Having lots of wealth to start your own company

• Being a managing director of a major business

What does the term factors of production mean?

• Utilising labour to optimal effect for business

• The different levels of how much a business produces something

• Whether or not a business has sufficient wealth to survive

• The different resources that are combined to produce something

How many factors of production are there?

• Four

• Five

• Six

• Seven

The factors of production are

• Land, Labour, Capital and Entertainment

• Conservative, Labour, Liberal and Green

• Land, Labour, Capital and Enterprise

• Primary, Secondary, Tertiary and Quandary

Which of the following are resources of enterprise?

• Land, Sea, Air, Space

• Elon Musk, Richard Branson, Kylie Jenner, Coco Chanel

• Machinery, Computers, Trucks, Factories

• France, Italy, Germany, Spain

Which of the following part of making denim jeans is an example of capital

• Cotton is harvested from plants

• Sewing machines, irons and indigo are used in the production process

• Workers sew the different parts of the denim together

• The entrepreneur comes up with the idea for the jeans and combines the different factors of production.

The natural resources such as water, air and plants are examples of what?

• Labour

• Capital

• Enterprise

• Land

Which of the following will help you remember the four factors of production?

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What skills are associated with being a entrepreneur

• Friendly, nice, helpful, funny

• Confidence, problem-solving, financial planning, interpersonal

• Rich, powerful, respected, clever

• Smart, motivated, energetic, greedy