Factors of Production

Factors of Production

Factors of Production Background Knowledge Activity Created by Michelle Woods SIOP-Curriculum Writer WCPSS Define Production

productio n Verb (action) product noun Factors of Production land

capital labor entrepreneur Factors of Production land

minerals forest water sunlight air

Factors of Production labor Mental or physical activity in production Factors of Production capital

Previous manufactured goods used to make other goods and services. Factors of Production entrepreneur s NAVEEN SELVADURAI

Mark Zuckerberg Jennifer Hyman and Jenny Fleiss Maverick carter

A person who starts a new business, introduces new products, and improves a process to make a profit. What are the factors of production? Factors of Production Land

Labor Capital Entrepreneur You Do It! Choose 1 of these products, and with a partner

list as many examples for each category you can.

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