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WorksheetsFactors of Production
Total questions: 10
Worksheet time: 5mins
Which of the following factors of production is an example of capital?
Tractors
Fields
Farmers
Suppliers
In factors of production, what do we mean by enterprise?
Purchasing land for a business
An idea of how to use the land, labour and capital to make a profit.
Having lots of wealth to start your own company
Being a managing director of a major business
What does the term factors of production mean?
Utilising labour to optimal effect for business
The different levels of how much a business produces something
Whether or not a business has sufficient wealth to survive
The different resources that are combined to produce something
How many factors of production are there?
Four
Five
Six
Seven
The factors of production are
Land, Labour, Capital and Entertainment
Conservative, Labour, Liberal and Green
Land, Labour, Capital and Enterprise
Primary, Secondary, Tertiary and Quandary
Which of the following are resources of enterprise?
Land, Sea, Air, Space
Elon Musk, Richard Branson, Kylie Jenner, Coco Chanel
Machinery, Computers, Trucks, Factories
France, Italy, Germany, Spain
Which of the following part of making denim jeans is an example of capital
Cotton is harvested from plants
Sewing machines, irons and indigo are used in the production process
Workers sew the different parts of the denim together
The entrepreneur comes up with the idea for the jeans and combines the different factors of production.
The natural resources such as water, air and plants are examples of what?
Labour
Capital
Enterprise
Land
Which of the following will help you remember the four factors of production?
What skills are associated with being a entrepreneur
Friendly, nice, helpful, funny
Confidence, problem-solving, financial planning, interpersonal
Rich, powerful, respected, clever
Smart, motivated, energetic, greedy
