factors of production

The 4 factors of production are ​ (a)   ​ (b)   ​ (c)   ​ (d)  

• Land
• Labor
• Captial
• Entrepreneur
• Goods
• Factories
• Tools
• People

What Factor is this?

• Land

• Labor

• Capital

• Entrepreneur

What Factor is this?

• Land

• Labor

• Capital

• Entrepreneur

A herd of cattle is an example of ...

• Land
• Labor
• Entrepreneur
• Capital

Forests are examples of...

• Land
• Labor
• Entrepreneurs
• Capital

A bulldozer is an example of...

• Land
• Labor
• Entrepreneurs
• Capital

Your garbage man is an example of

• Land
• Labor
• Entrepreneurs
• Capital

Your Mail lady is an example of...

• Land
• Labor
• Entrepreneurs
• Capital

Bill Gates is an example of...

• Land

• Labor

• An Entrepreneurs

• Capital

A command economy is best defined as

• An economic system with a central authority that makes major economic decisions

• An economic system in which supply, demand, and the price system help people make economic decisions

• An Economic system in which private citizens own and use the factors of production in order to generate profits.

• An economic system that has some combination of traditional, command, and market activities.