Factors of Production Worksheet
Explore the four factors of production: land, labor, capital, and entrepreneurship, with this engaging Grade 4 social studies worksheet.
Includes
Standards
Topics
Factors of Production
Name:
Date:
Score:
Read each question carefully and answer to the best of your ability. This worksheet will help you understand the four factors of production: Land, Labor, Capital, and Entrepreneurship.
1. The four factors of production are land, , capital, and entrepreneurship.
2. refers to all natural resources used to produce goods and services.
3. The tools, machines, and buildings used to produce goods and services are called .
4. is the human effort, both physical and mental, used in production.
5. A person who takes risks to start a new business is called an .
1. Which of the following is an example of 'land' as a factor of production?
A factory building
A worker's salary
Oil in the ground
A computer
2. What factor of production does a teacher represent?
Land
Labor
Capital
Entrepreneurship
1. Money is considered a factor of production.
True
False
2. A person who starts a new company is an example of entrepreneurship.
True
False
1. Give an example of 'capital' other than a factory building.
2. Why is 'entrepreneurship' an important factor of production?
Match each factor of production on the left with its correct description on the right.
1. Land
a. Human effort in production
2. Labor
b. Natural resources
3. Capital
c. Risk-taking and innovation
4. Entrepreneurship
d. Tools, machines, and buildings