Production

includes all natural resources such as soil, seas, rivers, forests, minerals, vegetation etc.

• Land

• Labor

• Capital

• Entrepreneur

is a natural resource of Trinidad

• Crude Oil

• Clay

• Bauxite

• Limestone

is the process of combining units of inputs (natural, man-made and human resources) to create output (goods and services) capable of satisfying human needs and wants

(a)  

is the increase of output from each unit

(a)  

Migration within a country e.g rural –urban migration. This is migration of persons from rural communities to the city areas know as

(a)  

Professional and skilled workers who migrate reduce the level of skills available in their countries resulting in a brain drain effect

• True

• False

organizes the factors of production to create goods and services.

• Manager

• Entrepreneur

• Supervisor

Machinery is considered as capital

• True

• False