The Four Factors of Production
Goods and Services
Objectives: Students will be able to:
• Define and identify the four factors of production.
• Describe each factor of production.
• Explain why the four factors are important.
• Explain the role of the entrepreneur in productions of goods and service.
Other learning materials you may find helpful:
GDP and The Business Cycle
Federal Reserve, Monetary Policy, Money Supply
UNEMPLOYMENT, LABOR MARKET, LABOR FORCE
PRODUCTIVITY AND SPECIALIZATION
Needs and Wants, WHY STUDY ECONOMICS?
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