Factors of Production B

Front

Land includes...

Back

The "gifts of nature" or natural resources not created by human effort.

Front

Capital refers to...

Back

the tools, equipment, and factories used in production of goods and services

Front

Labor refers to...

Back

people with all their efforts and abilities

Front

Entrepreneurs are...

Back

individuals who start a new business or bring a product to market.

Front

A herd of cattle is an example of ...

Back

Land

Front

Forests are examples of...

Back

Land

Front

A bulldozer is an example of...

Back

Capital

Front

Your Mail lady is an example of...

Back

Labor

Front

Bill Gates is an example of...

Back

An Entrepreneur

Front

A product or service is scarce when

Back

The amount available is not enough to meet the demands of society