The Four Factors Of Production

Which of the following is NOT one of the factors of production?

• Labour

• Capital

• Demand

• Land

What does the term "land" refer to in the context of factors of production?

• Money and financial assets

• Natural resources and geographic locations

• Tools and machinery

• Human effort and skills

Which factor of production includes the buildings, machinery, and tools used in the production process?

• Land

• Labour

• Capital

• Enterprise

Which factor of production involves the knowledge, skills, and abilities of the workforce?

• Land
• Capital
• Labor
• Enterprise

Which factor of production is responsible for the development of new technologies?

• Labour

• Land
• Capital
• Enterprise

Which factor of production represents the money used to invest in businesses?

• Labor
• Land
• Capital
• Entrepreneurship

If you and your friend set up a small business selling football gloves and sliothars, what factor of production would this be an example of?

• Labour
• Enterprise
• Capital
• Land

Which factor of production represents the workers in a car manufacturing plant?

• Capital
• Enterprise

• Land
• Labour