land
Which is the most important factor of production?
Land
what is an example of capital?
hammer, screwdriver, conveyer belt, etc.
what is an example of a entrepreneurship business?
Target, Beechams, Menards, Wendys, Subway, ect.
what is an example of a physical labor job
shoveling, mechanic, ect.
Fish?
land/natural resources
name a example of a land/natural resource
water, oil, copper, natural gas, coal, or forest
Hammer, screwdriver, jackhammer, ect.
name a benefit of entrepreneurship
job opportunities, make more money, be your own boss
what is the average age workers retire at?(closest guess wins)
64
hammer?
Capital
both
what is an example of capital that is in an office?
computer/technology, pencil, pen, ect.
What is the role of production in entrepreneurship?
The creation or manufacturing of goods or services
what is the average salary in the U.S?(closest wins)
$59,428
Pinky's ice cream shop?
entrepreneurship
why is land important?
land provides platform for sustaining all human activities Land
what other type of production is needed to make capital?
Labor
other factors of entrepreneurship is
knowledge and technology
name a famous person who works in labor
Brad Pitt
what is a weaver?
Labor
what does land do for production?
includes the natural resources used to create a good or service
capital is?
money used to build or grow the business
what is entrepreneurship?
availability of people willing to take the risks for greater profit
what is labor?
humans available to help production
what is a warehouse?
land