3rd Quarter Social Studies Reviewer

The natural factor of production

This is the process of using resources to produce goods and services that satisfy the needs of individuals and business.

It is produced by using the factor of production.

Give the four factors of production (ex. ? ? ? ?) contain spaces

Payment for the use of land and other natural resources received by the landlords

Used to produce other goods

Tools and machinery used to produce goods and services

Goods sold directly to the public

Wage is the amount of money received by _____ as payment of their services.

The Starbucks workers are examples of… (a factor of production)