Factors Of Production Flashcards

1
Q

What is land

A

The natural resources used in production

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What is labour

A

The Human Resources used in production

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What is physical capital

A

The manufactured resources used in the production process

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

What is enterprise

A

The combination and management of the other three factors of production

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

What is human capital

A

The skill required in the production process

How well did you know this?
1
Not at all
2
3
4
5
Perfectly