Factors Of Production 0.0 / 5 ? Business StudiesStarting a businessGCSEAQA Created by: tonisha_Created on: 18-09-21 17:58 What are resources needed to make? products 1 of 19 What can this be divided into? 4 factors of production 2 of 19 What is one factor of production? Land 3 of 19 What can land be referring to? territory 4 of 19 What else can it be referring to? natural resources 5 of 19 What are some examples of natural resources? (5) and examples? non renewable resources-oil and coal renewable resources-wind and wood materials extracted from mining-diamond and gold water animals 6 of 19 What are most things in this category? scarce 7 of 19 What does this mean? there is not enough o it to satisfy the demands of everyone 8 of 19 What is another factor of production? labour 9 of 19 What is labour? the work done by the workers 10 of 19 Whats another name for these people? the labour force 11 of 19 What are three key skills which can determine whether someone is more valuable in the workplace than another? education experience training 12 of 19 What is another factor of production? Capital 13 of 19 What is capital? the equipment, factories and schools 14 of 19 What do these help produce? goods and services 15 of 19 What is another factor of production? enterprise 16 of 19 What does this refer to? entrepreneurs who take risks and create things 17 of 19 What are most factors of production? limited 18 of 19 What is the opportunity cost? the benefit that is given up in order to do something else 19 of 19
Comments
No comments have yet been made