Factors
This factor of production includes all natural resources provided by nature, such as fields, forests, and minerals.
Land
This agricultural crop, used as a sweetener, is a major industry common to Guyana, Barbados, Jamaica, and Trinidad & Tobago.
Sugar Cane
Jamaica is famous for this coffee
Mountain Peak Coffee
This factor consists of the mental and physical effort humans contribute to the production of goods.
Labour
Guyana is known for extracting this precious mineral, often used in jewellery.
Gold or Diamonds
The process of using resources to create goods or services to satisfy needs and wants.
Production
A tractor used on a farm is an example of which factor of production?
Capital
This resource found in Barbados is primarily used in the pottery and ceramics industry.
Clay (or Limestone)
Name one classification of labour
skilled
unskilled
semi-skilled
managerial/professional.
This person takes the financial risk to combine land, labor, and capital to start and manage a business.
Entrepreneur
This twin-island republic is noted for its significant oil and gas resources.
Trinidad and Tobago
This energy resource is available in all Caribbean countries and can be used to develop a sustainable power industry.
Sun (Solar Energy)
This term refers to man-made wealth used to produce more wealth, such as buildings, machinery, and tools.
Capital
Jamaica is famous for producing this reddish-brown ore used in the aluminum industry.
Bauxite
What specific industry is developed from the oil and gas resources in territories like Trinidad?
Transport