Factors Of Production Etc. Flashcards
1
Q
Labor
A
Human resources
Physical
Mind
2
Q
Capital
A
Capital resources
3
Q
Entrepreneurship
A
Enterprise
4
Q
GDP of America
A
17-18 trillion
5
Q
Unemployment rate NJ
A
6.6%
6
Q
3 economic questions
A
What goods and services to give
How is the society limited
Who is receiving the product
7
Q
Land
A
Natural resources