Day 2 Review 24-25

Front

What is NOT a factor of production? imagination, land, labor, capital

Back

imagination

Front

Factors of production are...

Back

resources people have for producing goods and services.

Front

Which of the following describes labor? natural resources, manpower, anything that is produced that helps produce other goods and services, person who creates a new idea and takes the risk to produce it.

Back

manpower

Front

Which of the following describes land? natural resources, manpower, anything that is produced that helps produce other goods and services, person who creates a new idea and takes the risk to produce it.

Back

natural resources

Front

Which of the following describes capital? natural resources, manpower, person who creates a new idea and takes the risk to produce it.

Back

anything that is produced that helps produce other goods and services

Front

Which of the following describes a entrepreneur? natural resources, manpower, anything that is produced that helps produce other goods and services, person who creates a new idea and takes the risk to produce it.

Back

person who creates a new idea and takes the risk to produce it.

Front

person who makes a good or service

Back

producer

Front

person who uses/ buys goods and services

Back

consumer

Front

individuals own

Back

private

Front

government owned

Back

public