Factors of Production Worksheet
An introductory worksheet for 6th graders on the four factors of production: land, labor, capital, and entrepreneurship.
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Factors of Production
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Read each question carefully and answer to the best of your ability. This worksheet will test your knowledge of the four factors of production: Land, Labor, Capital, and Entrepreneurship.
1. The four factors of production are land, labor, capital, and .
2. Natural resources used to produce goods and services are known as .
3. The efforts that people devote to tasks for which they are paid is called .
4. Any human-made resource that is used to create other goods and services is called .
5. A person who combines the other factors of production to create new goods or services is an .
1. Which of the following is an example of 'land' as a factor of production?
A factory building
A farmer's labor
Oil in the ground
Money in a bank
2. A chef cooking food in a restaurant is an example of which factor of production?
Land
Labor
Capital
Entrepreneurship
1. Money is considered a factor of production.
True
False
2. A new invention is an example of entrepreneurship.
True
False
1. Describe the difference between physical capital and human capital.
2. Give an example of how all four factors of production might be used to produce a pizza.