1 / 6

Economics: The Four Factors of Production

Economics: The Four Factors of Production. The Four Factors are… . NATURAL RESOURCES LABOR CAPITAL ENTREPRENEURSHIP . NATURAL RESOURCES. “Gifts of nature” that make production possible, including: -Land -Water -Animals -Minerals. LABOR.

sahkyo
Download Presentation

Economics: The Four Factors of Production

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Economics: The Four Factors of Production

  2. The Four Factors are… • NATURAL RESOURCES • LABOR • CAPITAL • ENTREPRENEURSHIP

  3. NATURAL RESOURCES • “Gifts of nature” that make production possible, including: -Land -Water -Animals -Minerals

  4. LABOR • The term “labor” refers to the nation’s workforce. • This can include anyone who works to produce good and services.

  5. CAPITAL • The manufactured goods used to make other goods and services. Examples include:

  6. ENTREPRENEURSHIP • Entrepreneurs are individuals who start new businesses, introduce new products, and improve a process. • Some Famous entrepreneurs that you might recognize…

More Related