Factors of Production - SS1 Economics Past Questions and Answers - page 1

Which of the following is a factor of production?

Which factor of production refers to the physical and mental effort put into producing goods and services by workers?

Which factor of production refers to the tools, machinery, and infrastructure used in the production process?

Which factor of production refers to the skill and vision required to identify business opportunities and organize resources to create goods and services?

Which factor of production refers to natural resources such as water, forests, minerals, and oil?

Define the factor of production 'capital'.

What is the role of entrepreneurship in production process?