• Land resources and things from nature that are used to make a product

• Labor resources and the labor (physical and mental) that is used to make a product

The things used to produce goods and services

 trees, oil, and water are examples of what types of resources?

a worker and a manager are examples of what type of resources?

factories and cars are examples of what type of resources

a person who is willing to take a risk to provide a good or service

• how efficient something is 

• focusing all your efforts on one thing

• money you earn

True or False: Entrepreneurs have to work hard and take risks in order to successfully combine land, labor, and capital to make a profit. 

•  True or False: Taxes are money that businesses and citizens pay to the government and they are used to pay for the public goods and services that are available for all citizens.

 What is the goal for entrepreneurs?

What does the government do with taxes?

 Ms. Poston wants to open her own car repair shop. She has plenty of workers, but she does not have a building. What type of resource is the building?

 Which type of productive resource is a tree?

Which of these is an example of a human resource?

someone who makes and sells goods and services

someone who buys and uses goods and services

True or False: Producers and consumers depend on each other. This is called  interdependence.