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Factors of Production Flashcards | StudBud
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Factors of Production
Factors of Production
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StudBud Administration
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33 plays
Can you get all of them correct and become the best?
Flashcards
13 cards
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Practice quiz
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Questions
13
Answers
1
Is Bill gates not entrepreneur
True
False
2
Why is starting up a new business risky?
High cost
Low initial cost
Low competitive market
High running cost
3
What is the word that defines "Investment into goods that can produce other goods"
Capital
Land
Liquid Capital
Labour
4
Which is the right definition for Capital goods
includes machinery, equipment, new technology, factories
are used to produce other consumer goods and services in the future
Goods that are fixed
means stocks of finished and semi-finished goods (or components)
5
A Garbage truck driver is example of which factor of production
Labour
Land
Entrepreneurship
Capital
6
What is the definition for Land
Land
Classed as raw material and energy sources
Place where you can buy
Soft sediment with vegetation
7
After watching this video which order is correct
Enterprise,Land,Labour,Capital
Land,Labour,Capital,Enterprise
Enterprise,Labour,Captial,Land
There is no order
8
Is a premises a government owned building.
False
True
9
Labour is helping a business with their ideas.
False
True
10
Enterprise is the process of developing a business in to a idea
True
False
11
Machines, equipment, new technology and other buildings is part of...
Entrepreneurship
Land
Capital
Labour
12
Which section is "water, gas, oil and forest" in
Capital
Labour
Entrepreneurship
Land
13
What is the best definition of Enterprise
Help form ideas
Entrepreneurs organise factors of production and take risks.
Without a business idea, a business cannot exist
A business
