Factors of Production - JSS1 Business studies Past Questions and Answers - page 1

What does the factor of production "land" primarily consist of?

Which factor of production encompasses human effort?

What type of resources does capital primarily refer to?

Who takes on the risk of starting and managing businesses in the factor of production "entrepreneurship"?

Which factor of production involves organizing and combining the other factors to create goods and services?

What does the term "labour" refer to in the context of production?

Which factor of production is essential for enhancing productivity by enabling the use of technology and machinery?

What does the factor of production "land" include besides the surface of the earth?

Who bears the uncertainty and risk associated with business ventures in the factor of production "entrepreneurship"?

What is primarily involved in the factor of production "capital"?