CBSE › Class 8 › Social Science › Factors of Production (Class 8 NCERT New)
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1. The term used to describe the way a nation provides for the needs and wants of its people

2. Land, labor, capital, and entrepreneurship

3. Everything contained in the earth or found in the sea ex: coal and crude oil

4. The goods used in the production process such as factories, machinery and equipment

5. The physical development of a country including roads, ports, utilities

6. The people who work in both the public and private sector

7. The skills of people who are willing to invest time and money to run a buainess

8. Difference between wants and needs and available resources

9. A garbage truck driver is an example of which Factor of Production?

10. Iron, minerals, coal and plants are examples of which productive resource?

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