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4 cards from this section. Quick, good the night before a test.
What are the four factors of production?
Think of what is needed to create products.
What reward does land provide?
What do landlords charge for space?
Which of the following is NOT a factor of production?
Think about the definition of factors.
True or False: Labour can be separated from the worker.
Consider the nature of physical and mental work.
Evaluate how scarcity of land affects production in an economy. Provide real-life examples.
Consider the implications of limited resources in urban planning.
Discuss the relationship between skilled labour and technological progress in production.
Identify a sector that heavily relies on skilled professionals.
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