Topic 3,4,5a

Question 1

What is the definition of Production?

Answer 1

A process which involves converting resources into good.

Question 2

What is the definition of Productivity?

Answer 2

The amount of output that can be produced with a given amount of resources
Amount of input/Amount of Output

Question 3

What is the definition of Labour Productivity?

Answer 3

Output per worker (Calculated by Total Output/number of workers)

Question 4

What is the definition of Land?

Answer 4

Land is the natural resources on the planet. It includes the physical land, natural resources such as coal, oil, rainwater, forests, rivers and fertile soil.

Question 5

What is the definition of Labour?

Answer 5

This is the workforce in the economy who are used in production

Question 6

What is the definition of Capital?

Answer 6

Manmade physical goods used to produce other goods and services

Question 7

What is the definition of Entreprenuer?

Answer 7

An individual who organises the other factors of production and risks their own money in a business venture

Question 8

What is the definition of Specialisation?

Answer 8

Production of a limited range of goods by individuals, firms, regions or countries

Question 9

What is the definition of Division of Labour?

Answer 9

The breaking down of the production process into smaller parts, with each worker specialising in a smaller, specific task

Question 10

What is the definition of Job Rotation?

Answer 10

Practice of regularly changing the person who does a particular job.

Question 11

Improving productivity in Land?

Answer 11

Genetically Modifying Crops
Irrigation
Reclamation