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20 questions
Which of the factors of production is this?
capital
entrepreneur
land
labor
Which one is a need and not a want?
going out to eat
drinking a glass of water
going to the movies
luxury sports car
Which one of the factors of production is this?
capital
entrepreneur
land
labor
Steve Jobs the founder of Apple is holding up an I-phone. What is another name for someone who starts a business?
capital
entrepreneur
land
labor
Which factor of production is this?
capital
entrepreneur
land
labor
This factor involves money, equipment, and tools and any items to produce goods and services?
capital
entrepreneur
land
labor
What factor of production is missing?
capital
entrepreneur
land
labor
Name the factor not mentioned?
capital (money)
entrepreneur (business owner)
land(natural resources)
labor( workers)
Which factor?
capital
entrepreneur
land
labor
These items could be considered as___________?
capital
entrepreneur
land
labor
Land includes...
The "gifts of nature" or natural resources not created by human effort.
the tools, equipment, and factories used in production of goods and services
people with all their efforts and abilities
individuals who start a new business or bring a product to market.
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