factors of productions

what are the factors of productions

Which of the following is an example of labor?

• A piece of land

• A delivery van

• A waiter serving food

• A factory machine

What is capital primarily made up of?

• Human effort

• Innovative ideas

• Natural resources

• Machinery and tools

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Who is responsible for combining resources to create new products?

• A capital investor

• A laborer

• An entrepreneur

• A landowner

What does scarcity refer to in economics?

• High demand for services

• Abundance of goods

• Limited resources for unlimited wants

• Unlimited resources

What are the main resources used to create goods and services?

• Factors of production

• Types of labor

• Economic growth

• Forms of capital