1) How many factors of production are there? a) 1 b) 2 c) 3 d) 4 2) Which factor of production refers to the employees? a) Land b) Labour c) Capital d) Enterprise 3) Which factor of production refers to raw materials? a) Land b) Labour c) Capital d) Enterprise 4) Which factor of production refers to machinery? a) Land b) Labour c) Capital d) Enterprise 5) Which factor of production refers to finance? a) Land b) Labour c) Capital d) Enterprise 6) Bill Gates would come under which factor of production? a) Land b) Labour c) Capital d) Enterprise 7) Bricklayers would come under which factor of production? a) Land b) Labour c) Capital d) Enterprise 8) A tractor would come under which factor of production? a) Land b) Labour c) Capital d) Enterprise 9) The business idea would come under which factor of production? a) Land b) Labour c) Capital d) Enterprise 10) The factors of production are shortened to what letters? a) CLEL b) ECLL c) CELL d) LLEC

Factors of Production

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