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Chap 7 : Factors of Production

The Big Questions What are the factors of production? Answer: The factors of production are the basic things needed to make any goods or provide any service. There are four main factors: Land: This includes not just the ground but all natural resources like water, forests, soil, and minerals. Labour: This is the physical and … Read more

Chap 1: Natural Resources and Their Use

The Big Questions (Page 1) How do we categorise natural resources? Answer: We can categorise natural resources in different ways. One way is based on their use: Resources essential for life, like air, water, and food. Resources for materials, like wood and marble to make things. Resources for energy, like coal, sunlight, and wind to … Read more