WorksheetsFactors of Production - I
Total questions: 10
Worksheet time: 10mins
Oil reserves are an example of:-
LAND
CAPITAL
LABOUR
HUMAN CAPITAL
MARK ZUCKERBERG is an example of
SKILLED LABOUR
UNSKILLED LABOUR
HUMAN CAPITAL
LAND
WHAT ARE THE 4 FACTORS OF PRODUCTION?
Land, Capital, Need & Want
Land, Labor, Capital, Entrepreneurs
Water, Air, Food & Shelter
Land, Capital, Good & Service
WHAT IS LABOR?
work people do for pay to produce good and services
actions people do for other people
any physical object
The money people get for inheritance
_______________ IS KNOWN AS THE NATURAL RESOURCES USED TO PRODUCE GOODS AND SERVICES
Entrepreneurs
Capital
Labor
Land
Steel used in making Cars is an example of:-
FIXED CAPITAL
WORKING CAPITAL
AN ENTREPRENEUR IS A PERSON WHO _______________.
owns their own business
uses goods and services to produce labor, land, and capital.
use land, labor, and capital to produce good and services.
loves nature and runs a business
Which of the factors of production is this?
capital
entrepreneur
land
labor
Which one of the factors of production is this?
capital
entrepreneur
land
labor
Plough used by farmers are a part of:-
FIXED CAPITAL
WORKING CAPITAL
