There are __________ factors of production.
Two
Three
Four
Five
What are the factors of production ?
Land, labour and capital
Land, labour and Enterprise
Land, labour, capital and enterprise
Land, capital and enterprise
Division of labour is known as:
Specialisation
Factors of production
Both A & B
Chain of command
_________ is the difference between the selling price of a product or service and the cost of bought in materials and components.
Value added
Growth
Survival
None of these
___________ sector made up of businesses not owned by the government.
Private
Public
Both 1 & 2
___________ is need for the manufacture of good .
Land
Labour
Capital
Enterprise
___________ is the owner of a business.
Entrepreneur
Producer