Factors of Production

What Factor of Production is this example?

Water for a sweet tea manufacturer.

• Capital

• Land (natural resource)

• Entrepreneurship

• Labor

What Factor of Production is this example?

Person providing tech support to the customers of a business.

• Capital

• Land (natural resource)

• Labor

• Entrepreneurship

What Factor of Production is this example?

The knowledge the tech support person has from the previous scenario.

• Capital (Human Capital)

• Land (natural resource)

• Labor

• Capital (Physical Capital)

What Factor of Production is this example?

Laptop computer for a teacher working in a school system.  

• Capital (Human Capital)

• Land (natural resource)

• Labor

• Capital (Physical Capital)

What Factor of Production is this example?

A group of people who decide to open a chain of restaurants.

• Capital

• Land (natural resource)

• Labor

• Entrepreneurship

What Factor of Production is this example?

Sugar, lemons, and water for a lemonade stand.

• Capital

• Labor

• Land (natural resource)

• Entrepreneurship

What Factor of Production is this example?

Teacher working in a school system.

• Capital

• Labor

• Land (natural resource)

• Entrepreneurship

What Factor of Production is this example?

A person who takes out a loan from a bank to buy land, supplies, and hire employees to work in a deli.

• Capital

• Labor

• Land (natural resource)

• Entrepreneurship

What Factor of Production is this example?

The knowledge the teacher has gained from going to school and the experience of teaching for a few years.

• Capital (Human Capital)

• Land (natural resource)

• Labor

• Capital (Physical Capital)