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Everything is made up of the four factors of production.  Look at the shirt you have on right now.  List the four factors of production and give a specific example of each which might have been used in the production of your shirt.  You have to be specific with each factor. You cannot say "resources" or "land".

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Which of the following best defines "capital" as a factor of production? Financial assets used by businesses. The money that the owners of a business reinvest from their profits. Instruments, machines, and buildings used in production. The knowledge and skills that people use in production of goods and services.

Which of the following is a factor of production at a university? electricity Scantron sheets the faculty lab concentrations to use in experiments