Factors of Production

Factors of Production

Assessment

Flashcard

Specialty

9th - 12th Grade

Hard

Created by

Wayground Content

FREE Resource

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10 questions

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1.

FLASHCARD QUESTION

Front

The creation of any kind of good or service is known as:

Back

Production

2.

FLASHCARD QUESTION

Front

All of the things necessary for production are known as:

Back

Resources

3.

FLASHCARD QUESTION

Front

The human effort involved in the production of goods and services is known as:

Back

Labor

4.

FLASHCARD QUESTION

Front

The enterprising spirit that allows an individual to spot gaps in the market and take risks (including starting a business):

Back

Entrepreneurship

5.

FLASHCARD QUESTION

Front

All natural resources that go into the production of a good or service: Capital, Entrepreneurship, Land, Labor

Back

Land

6.

FLASHCARD QUESTION

Front

Anything within the production process, whether human or technological, that makes production more efficient

Back

Capital

7.

FLASHCARD QUESTION

Front

Any technology/machinery involved in the production process:

Back

Physical Capital

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