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WorksheetsFactors of Production: Natural Resources, Human Capital, Capital Goods, Entrepreneurship
Total questions: 22
Worksheet time: 17mins
Factory
Entrepreneurship
Capital
Labor
production
The human effort involved in the production of goods and services is known as
Capital
Land
Entrepreneur
Labor
The creation of any kind of goods and services is known as
Resources
Input
Production
Entrepreneurship
All natural resources that go into production of a good and services
Labor
Land
Capital
Entrepreneurship
Money used to re-invest in a firm and further its business objectives
Financial capital
Human capital
Physical capital
Enterprise capital
Any technology machinery involved in production process
Human capital
Physical capital
Enterprises capital
Investment capital
Assembly line worker
Land
Entrepreneurship
Capital
Labor
What is the best explanation of factors of production?
Money and financing
Raw materials used to produce products
Labor and materials
Resources used by a company to produce good and services
What is an entrepreneur?
A student in college
A leader of a country.
A worker in a factory
A person who starts a new business.
Land, labor, capital, and entrepreneurship
Capital
Infrastructure
Factors of production
Economy
A Factor of Production is
Used in the Production of things that are useful.
Used in the production of goods and services.
Used in the production of goods.
Used in the production of services.
Capital in Economics is defined as . . .
The person-made items used in production.
The cash in bank a firm has.
The amount borrowed by the firm.
The amount invested in the firm.
Labor is defined as . . . .Pick the overall best answer.
The workers on the factory floor.
The employees in an office.
The human activity involved in production.
The population available for work.
The garbage truck is an example of which Factor of Production?
labor
land
entrepreneurship
capital
A doctor attending a conference focused on new methods of treatment for heart disease would be an example of....
an increase labor
a market failure
an increase in human capital
a decrease in labor
Which of these is NOT one of the 4 factors of production?
Labor
Land
Entrepreneurship
Work Skills
The Chromebooks you are using are examples of (Think about the purpose of schools, and what they are trying to produce.)
Land
Labor
Entrepreneurs
Capital
All of the economic inputs that are required to produce goods and services are called:
Factors of production
Supply
Demand
Capital for goods
Your friend and you decide to open a snow cone stand. The stand and the snow cone machine are examples of which factor of production?
Natural Resources
Capital Resources
Entrepreneurship
Labor Resources
