Production managers
What is production
Making goods and services to sell
What is investment?
Money spent to make goods and services in the future
What is a loan?
Money borrowed with interest
What type of labour is someone that works at 7/11?
Unskilled labour
Give 1 example of a service
massage,taxi, banking, etc.
Give 1 example of a public investment
Hospitals, schools, trains, etc.
Give an example of the benefits of savings.
...
Give an example of skilled labour
doctor,lawyer, engineer, teacher, etc..
Name 3 factors of production
Land, labour, capitol, entrepreneurship
List 3 factors of investment
Interest rate, value of money, future forecasting, amount of income, technology
What does deficit mean?
More money is spent than earned
What factor of production are teachers in a school?
Labour
What is an entrepreneur?
Someone that starts a business
What is interest?
The amount money grows by
What is inflation?
The increased cost of goods and services
Give an example of semi-skilled labour
Plumber, builder, mechanic
Name a non-economic factor of production
Political system, social values, etc.
What is future forecasting
Predicting how much income an investment will make in the future
How must countries get investment when they have a deficit?
From foreign countries
What is the biggest problem for the thailand economy
Low personal savings