Duplicate of Factors of Production

The skills, talents, and education of people used in the production of goods and services

Goods such as machines and tools, used in the production of other goods and services

Which is NOT one of the 3 economic questions?

The government controls all aspects of the economy in which system?

Nike just released a new idea for a shoe that ties itself. What factor is this?

examples of entrepreneurship

Resources that are found in nature and used in the production of goods and services.

For something to be SCARCE, it must be

The 3 questions that must be answered by the economic system are

What are the factors of production?

A cell phone would be considered a..

A tax on goods coming into the country is called

What factor of production do you see in picture?

One of the factors of production enterprenurer can be defined as

What factor of production do you see in picture?

What is 'economics'?

Land ,labor,capital and entrepreneurship are factors of Production

What factor of production do you see in picture?

An opportunity cost is

The economic system in which the buyers and sellers decide on goods (no government involvement)

What factor of production do you see in picture?

A person who takes the risk to start their own business is called

This economic systems includes free enterprise with some government control.

Differences among economic systems is in the way they answer three basic questions, which are