FACTORS OF PRODUCTION

1. – ________ refers to money and man-made goods used to produce other goods.
4. – ________ is the ability to start and manage a business by taking risks.
9. – ________ improves knowledge, understanding, and thinking ability.
11. Capital – ________ means the skills, knowledge, and abilities of people.
12. – An ________ is related to large-scale manufacturing activities.
13. – ________ is the income earned after all costs are paid.
15. – ________ is the process of making goods and services.
16. – ________ is the extra money paid for using borrowed money.
18. – ________ are machines used to help in production.
20. – A ________ is a place where goods are manufactured.
22. – ________ means producing more in less time.
23. – ________ are simple instruments used to do work.

2. – ________ is the physical and mental effort put in by people to produce goods and services.
3. – ________ includes natural resources like soil, water, forests, and minerals used in production.
5. – ________ is money put into a business to earn future benefits.
6. – A ________ is money borrowed from a bank or lender.
7. – Good ________ helps workers perform better physically and mentally.
8. – ________ refers to new ideas or methods that improve production.
10. – ________ helps make production faster, easier, and more efficient.
14. – A ________ produces or sells goods and services.
17. – ________ helps workers learn specific skills for a job.
18. – A ________ is a place where buyers and sellers meet.
19. – ________ are the inputs required to produce goods and services.
21. – A ________ is the ability to do a job well through practice and training.