What are the resources called that are needed to produce a good or service?
Four Factors of Production

Flashcard
•
Social Studies
•
8th Grade
•
Hard
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13 questions
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1.
FLASHCARD QUESTION
Front
Back
Factors of production.
2.
FLASHCARD QUESTION
Front
How many factors of production are needed to produce a good or service?
Back
4
3.
FLASHCARD QUESTION
Front
What are natural resources?
Back
Things from nature (not man-made), Animals, Tree
4.
FLASHCARD QUESTION
Front
What is labor?
Back
People who do the work to produce something.
5.
FLASHCARD QUESTION
Front
What could be an example of capital? Options: Buildings, Machines, Money, All of the above
Back
All of the above
6.
FLASHCARD QUESTION
Front
What is entrepreneurship?
Back
Starting or improving a business.
7.
FLASHCARD QUESTION
Front
__________ It only takes one factor of production to make a good or service.
Back
False
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