Which of the following sector made up of businesses not owned by the government?
Private
Public
Both 1 & 2
Cooperative
Growth
Capital
Marginal cost
Opportunity cost
Fixed cost
Alternative cost
Which term is used to cover all of the natural resources?
Land
Labour
Enterprise
The difference between the selling price of a product or service and the cost of bought in materials and components.
Value added
Survival
Cost of production
Factors of production are in:
Unlimited wants
Limited in supply
Unlimited supply
Limited demand
Which of the following is a good or service which people would like to have, but which is not essential for living?
Need
Factors of production
Want
Demand
Which of the following are needed to pay a return to the owners of the business?
Profit
Revenue
What are the factors of production?
Land, labour and capital
Land, labour and enterprise
Land, labour, capital and enterprise
Land, capital and enterprise
