Factors of Production

Land includes...

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

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

• people with all their efforts and abilities

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

Which factor of production would you consider a lawn mower?

• Land
• Labor
• Capital
• Entrepreneur

The term "factors of production" means:

• things or skills needed to produce goods or services
• how we spend our money
• the resources of the government
• how society creates jobs

An orange tree is an example of ...

• Land

• Labor

• Entrepreneur

• Capital

What resource(s)are represented in this image?

• human and capital resource

• human resource

• capital resource

• natural resource

Which factor of production would you consider a cow?

• Land
• Labor
• Capital
• Entrepreneur

Iron, minerals, coal and plants are examples of which productive resource?

• land
• labor
• entrepreneurship
• capital

What is the factor of production called that is responsible for coordinating all other factors of production in order to make goods and services?

• Entrepreneur

• Land Resource

• Labor Resource

• Capital Resource

What resources are in the picture?

• natural, capital, and human resource

• natural and capital resource

• human and capital resource

• natural and human resource

Labor refers to...

• people with all their efforts and abilities

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

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

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