Factors of Production

Front

What Factor of Production is this example? Water for a sweet tea manufacturer.

Back

Land (natural resource)

Front

What Factor of Production is this example? Person providing tech support to the customers of a business.

Back

Labor

Front

What Factor of Production is this example? The knowledge the tech support person has from the previous scenario.

Back

Capital (Human Capital)

Front

What Factor of Production is a laptop computer for a teacher working in a school system?

Back

Capital (Physical Capital)

Front

What Factor of Production is a group of people who decide to open a chain of restaurants?

Back

Entrepreneurship

Front

What Factor of Production is this example? Sugar, lemons, and water for a lemonade stand.

Back

Land (natural resource)

Front

What Factor of Production is a teacher working in a school system?

Back

Labor

Front

What Factor of Production is this example? A person who takes out a loan from a bank to buy land, supplies, and hire employees to work in a deli.

Back

Entrepreneurship

Front

What Factor of Production is this example? The knowledge the teacher has gained from going to school and the experience of teaching for a few years.

Back

Capital (Human Capital)