The term used to describe the way a nation provides for the needs and wants of its people
  • resources
  • economy
  • factors of production
  • Infrastructure
Land, labor, capital, and entrepreneurship
  • Economy
  • Infrastructure
  • Factors of production
  • Capital
Everything contained in the earth or found in the sea ex: coal and crude oil
  • Land
  • Labor
  • Resources
  • Infrastructure
The goods used in the production process such as factories, machinery and equipment
  • Land
  • Labor
  • Resources
  • Capital
The physical development of a country including roads, ports, utilities
  • Land
  • Labor
  • Infrastructure
  • Entrepreneurship
The people who work in both the public and private sector
  • Land
  • Labor
  • Entrepreneurahip
  • Capital
The skills of people who are willing to invest time and money to run a buainess
  • Labor
  • Land
  • Capital
  • Entrepreneurship
Difference between wants and needs and available resources
  • Economy
  • Factors of Production
  • Resources
  • Scarcity
A garbage truck driver is an example of which Factor of Production?
  • labor
  • land
  • entrepreneurship
  • capital
Iron, minerals, coal and plants are examples of which productive resource?
  • land
  • labor
  • entrepreneurship
  • capital
Which factor of production would you consider a lawn mower?
  • Land
  • Labor
  • Capital
  • Entrepreneur
Which factor of production would you consider a cow?
  • Land
  • Labor
  • Capital
  • Entrepreneur
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